Leading Lawyers

Securities litigation: defense in United States

Cleary Gottlieb Steen & Hamilton

The securities and M&A litigation practice at Cleary Gottlieb Steen & Hamilton in New York is ‘extremely professional and creative in its work, flexible in its implementation and cooperation‘. The firm remains at the cutting edge of securities litigation and is a prominent player in emerging areas, such as litigation concerning special purpose acquisition companies (SPACs) and cybersecurity breaches. Practice head Roger Cooper really understands the facts and the case law in securities matters', and recently acted for International Flavors & Fragrances Inc. in a securities class action alleging that the company made material misstatements and omissions concerning its acquisition of Frutarom. Key partner Jared Gerber has ‘a unique ability to simplify complex legal issues and consistently deliver clear and concise advice‘ and is heavily involved in SPAC litigation. Former federal prosecutor Victor Hou is highly recommended for both litigation and SEC enforcement actions. Gerber and Hou assisted private-label credit card company Synchrony Financial with a class action alleging that the company made materially misleading statements and/or omitted material information concerning its underwriting practices and partner relationships.

Practice head(s):

Roger Cooper

Other key lawyers:

Jared Gerber: Victor Hou

Testimonials

‘Roger Cooper really understands the facts and the case law in securities matters and we can rely on his judgment and assessments. He has great advice as to strategy and potential settlements.’

‘I work closely with Roger Cooper and his team. They were extremely professional and creative in their work, flexible in their implementation and cooperation.’

‘Roger Cooper is a terrific strategist, with a vast knowledge of his field of expertise.’

‘Good knowledge of subject matter – securities litigation. Good communication with client. Good work product and resolution.’

‘Jared Gerber is very knowledgeable in the subject matter and is very responsive to his client and his client’s needs.’

‘Jared Gerber and his team are clearly leaders in their field. They have a unique ability to simplify complex legal issues and consistently deliver clear and concise advice in a timely manner. We particularly appreciate their ability to look around corners, and pre-empt issues before they arise.’

‘Jared Gerber is client focused. He is very responsive and we particularly appreciate his flexibility with time given the 5-hour time difference between us. Jared clearly has an in-depth understanding of our business which has greatly assisted our defence of pending securities litigation. We value his excellence and view him as our trusted advisor.’

‘Cleary has a very strong securities litigation practice.’

Key clients

International Flavors & Fragrances Inc.

Temasek Life Sciences Private Limited

Synchrony Financial

Ryanair

Allergan

Bank of America – Merrill Lynch

JUUL Labs, Inc.

Odebrecht S.A.

OPKO Health, Inc.

Assured Guaranty

Sandra Seligman and Seth Meltzer

Genting, Empire Resorts

Former Executives of BRF

T-Mobile

Citibanamex

Polychain Capital LP

Two Sigma Securities

Work highlights

  • Representing International Flavors & Fragrances Inc. (“IFF”), Frutarom Industries Ltd. (“Frutarom”) and two of IFF’s officers in a putative securities class action brought in the United States District Court for the Southern District of New York alleging that the defendants made material misstatements and omissions concerning IFF’s acquisition of Frutarom, the integration of the two companies and IFF’s and Frutarom’s financial reporting and results.
  • Representing Merrill Lynch in a civil fraud action brought by Loreley Financing (Jersey) No. 28, Limited, a limited purpose vehicle, in New York state court. The Loreley plaintiff sought over $60 million based on allegations that Merrill Lynch had fraudulently misrepresented details regarding a collateralized debt obligation that Merrill Lynch had arranged.
  • Representing the private-label credit card company Synchrony Financial, several of its officers, and its board of directors in a putative securities class action in the District of Connecticut. Plaintiffs brought claims against Synchrony and other defendants under the Securities Act of 1933 and the Securities Exchange Act of 1934, alleging that the defendants made materially misleading statements and/or omitted material information concerning Synchrony’s underwriting practices and partner relationships.

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP in New York has a ‘strong, reliable, experienced team with 'a very deep knowledge base that is combined with good business judgment‘, frequently handling the largest and most complex actions under federal securities laws. It has achieved numerous landmark decisions in high-profile cases for clients in industries as diverse as financial services, technology, media and entertainment, pharmaceuticals, manufacturing and real estate. It continued this tradition by winning the dismissal for Occidental Petroleum Corporation of putative securities class action litigation relating to securities offerings connected with its $57bn acquisition of Anadarko Petroleum, a case led by head of litigation Daniel Slifkin Antony Ryan and Kevin Orsini are advising Robinhood Markets on dozens of lawsuits, centralized in Florida federal court, arising from its decision to halt trading of certain stocks, among them GameStop. Karin DeMasi , who is ‘impressive in the courtroom and has a strong presence before the judge' and the ‘super-responsive and thorough' Rachel Skaistis are standout practitioners. Lauren Moskowitz and Lauren Rosenberg are emerging talents. Richard Clary  retired from the firm in 2021.

Practice head(s):

Daniel Slifkin

Other key lawyers:

Antony Ryan; Karin DeMasi; Rachel Skaistis; Lauren Mokowitz; Lauren Rosenberg; Lauren Kennedy; Kevin Orsini

Testimonials

‘Always incredibly responsive with practicable and actionable advice. Very deep knowledge base that is combined with good business judgment.’

‘Rachel Skaistis  is super-responsive and thorough. Very level headed and not drawn into to needless fights on side issue. Strong reputation as an honest broker and straight shooter with clients and opposing counsel.’

‘The Cravath lawyers are simply smarter than other lawyers. And, for securities litigation they can bring in their corporate partners for expertise and they are absolutely best in class.’

‘Kevin Orsini is a super star. He is just the mix of aggressive and thougtful, of passion and intellect. He OWNS issues and treats the client like he is the in-house owenr.’

‘Strong, reliable, experienced team. The best for defense of securities litigation.’

‘Karen DeMasi and Lauren Kennedy were a great team to work with in the GreenSky matter. Karin was impressive in the courtroom and had a strong presence before the judge. She has very good instincts on when to push certain issues. They understood the nuances in the case and developed a sound strategy to overcome some challenging facts. We were able to obtain a very favorable settlement due in large part to their efforts. I would strongly recommend them.’

Key clients

Avon Products, Inc.

Crown Castle International Corp.

Dfinity Foundation

First Solar Inc.

Occidental Petroleum Corporation

Peabody Energy Corporation

Qualcomm Incorporated

Robinhood Markets, Inc.

Root, Inc.

Tesla Board of Directors

The Williams Companies, Inc.

Westpac Banking Corporation

Work highlights

  • Represented Occidental Petroleum Corporation and certain of its officers and directors in putative securities class action litigation relating to securities offerings conducted in connection with Occidental’s $57 billion acquisition of Anadarko Petroleum—the largest U.S. oil and gas merger in more than 20 years.
  • Representing Robinhood as lead counsel in dozens of lawsuits, including numerous putative class actions, involving securities and various other claims arising out of Robinhood’s decision to temporarily restrict trading in certain securitiesin the face of unprecedented market volatility.
  • Representing Tesla, Inc. CEO and board member Elon Musk in connection with a stockholder derivative action related to Tesla’s $2.1 billion acquisition of SolarCity Corporation, which was tried in July 2021 (decision pending).

Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP has a strong record of success at all stages of securities litigation from motion practice and discovery to strategic settlements and appeals. It added to its list of notable successes in 2021, winning a number of significant victories, among them the complete dismissal in the Third Circuit of a securities fraud lawsuit against BT Group relating to an accounting scandal at the company’s Italian subsidiary, a key matter led by practice head James Rouhandeh. Fellow New York partners Charles Duggan, Edmund Polubinski and Dana Seshens also performed strongly throughout the year. For example, Seshens achieved a favorable settlement in a state court action against Livent Corporation relating to the company’s 2019 IPO, a federal case having been dismissed in its entirety in 2020. She also acted for numerous financial services institutions in a claim against Velocity Financial and its IPO underwriters for failure to disclose risks of the pandemic. Neal Potischman in Menlo Park, who is co-head of the Northern California office, also plays a major role in the practice.

Practice head(s):

James Rouhandeh

Other key lawyers:

Edmund Polubinksi; Charles Duggan; Neal Potischman; Dana Seshens

Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP has securities litigation and SEC enforcement practice groups that frequently defend some of the most high-profile cases in the US, including major matters for Fortune 100 companies such as Facebook, HP and Marriott. As well as corporate issuers, the firm also acts for major private equity firms and financial services institutions. In 2021, the firm secured a second victory in a securities fraud class action for HP arising from the company’s announcement that it was adopting a new demand-driven business model that would reduce inventory in the distribution channel and stabilize prices across the globe. Monica Loseman in Denver, Brian Lutz in San Francisco, who led the HP matter, and Craig Varnen in Los Angeles are the lead partners. Varnen joined from Irell & Manella LLP in 2020 and is a senior litigator with long-standing experience. Loseman and Varnen are representing a life sciences company in a case arising from a fall in its stock price after the FDA withheld approval for a revolutionary drug for the treatment of breast cancer.

Practice head(s):

Monica Loseman; Brian Lutz; Craig Varnen

Key clients

Hewlett-Packard

Facebook

Rio Tinto

Slack

Guggenheim Securities

Lynn Tilton / Patriarch Partners

First American Financial

VMware / Pivotal Software

Marriott

El Pollo Loco

Marriott

Kirkland & Ellis LLP

Kirkland & Ellis LLP consolidated its status as a leading securities litigation firm in 2021, with a string of victories and a strong pipeline of new mandates across the full spectrum of 10(b) stock drop and IPO-related class actions, M&A and proxy-related disputes, shareholder derivative suits, structured finance litigation, books and records demands, and litigation demands on boards. Sandra Goldstein in New York and Mark Filip in Chicago are among the firm’s standout practitioners. Acknowledged securities litigation expert Goldstein acted for 3G Capital, a major shareholder in Kraft Heinz, in class actions and derivative cases concerning a $15.4bn write-down of Kraft Heinz’s assets and the disclosure of an SEC investigation into the company’s accounting policies, procedures and controls. Stefan Atkinson in New York is heavily involved in cases involving special purpose acquisition companies. Joshua Rabinovitz in Washington DC ‘told us exactly what to expect from the representation, and what to expect as the case proceeded, including all the various permutations it might take, so we were always prepared’, remarks one client.

Practice head(s):

Sandra Goldstein; Mark Filip

Other key lawyers:

Stefan Atkinson; Joshua Rabinovitz

Testimonials

‘Every single thing Josh Rabinovitz told us when we interviewed Kirkland for this representation has proved true. He told us exactly what to expect from the representation, and what to expect as the case proceeded, including all the various permutations it might take, so we were always prepared. He gave us an estimate for fees and came in below the estimate. He was always available, and always unflappable.’

Key clients

3G Capital

AbbVie

Bristol-Myers Squibb Company

GrubHub, Inc.

Honeywell International

Six Flags Entertainment

Vista Equity Partners

Wynn Resorts

The Boeing Company

Hecla Mining Company

Latham & Watkins LLP

Latham & Watkins LLP' ‘user-friendly‘ national litigation practice handles securities cases in state and federal courts across the US. Its key focus is representing underwriters, though it also acts for corporate issuers including Lyft, Virgin Galactic and Twitter. Andrew Clubok in Washington DC, Blair Connelly in New York and Matthew Rawlinson in Silicon Valley lead the practice. Rawlinson represented private equity firm Andreessen Horowitz in a class action alleging that defendants sold Internet Computer Project tokens as unregistered securities as defined by Section 2(a)(1) of the Securities Act. Jeff Hammel in New York is a prominent force in securities litigation and led the defense of Farfetch Ltd in a class action arising from its IPO, in which plaintiffs allege that the company went public based on the false narrative that Farfetch would see exponential organic growth. Colleen Smith in San Diego and emerging talent Jason Hegt in New York also play key roles in the practice.

Practice head(s):

Andrew Clubok; Blair Connelly; Matthew Rawlinson

Other key lawyers:

Jeff Hammel; Colleen Smith; Jason Hegt; William Baker

Testimonials

‘User-friendly expertise – for complicated securities litigation matters, they make the process and concepts simple in order for you to make informed decisions.’

‘Attentive client service and going above and beyond, but not just to increase fees. Jeff Hammel, William Baker, Jason Hegt.’

Key clients

Alteryx

Andreessen Horowitz

Coinbase

DXC Technology

Enphase

Facebook; NortonLifeLock; AMD

Farfetch

FuboTV

Former CEO and co-founder of Power Solutions Inc

General Electric

Gridsum Underwriters

Mobile Telesystems

Larry Ellison & Safra Catz

LogMeIn

Lyft

NextGen

Peloton

Philip Morris International

PolarityTE

Restoration Robotics

Samuel Reed/Bitmex

Stride Class Action

Switch

Twitter

Virgin Galactic

UBS – Highland Capital

UBS – YES Arbitrations

Weatherford

Work highlights

  • Represented NextGen Healthcare, formerly known as Quality Systems, Inc., the leading developer of computer-based healthcare practice management and electronic health records solutions in a “holder’s claim”— a claim by a shareholder that he was planning to sell his shares but changed his mind and held them in reliance on false statements made by the defendants.
  • Represented the former CEO and co-founder of Power Solutions Inc in securing a complete defense verdict in a 14-count federal criminal action in the Northern District of Illinois.
  • Represented a number of clients, including NortonLifeLock, Facebook, and AMD in some of the first shareholder derivative suits to allege breach of fiduciary duty relating to board diversity efforts.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

The New York office of Paul, Weiss, Rifkind, Wharton & Garrison LLP is home to a deep bench of talented securities litigators. Among them are veteran litigator and firm chair Brad Karp, who along with Andrew J. Ehrlich scored a major victory in Kentucky State Court for Blackstone Group in an unprecedented attempt to assert derivative claims on behalf of public pension funds against asset managers hired by those funds. Susanna M. Buergel is another standout lawyer and her work with Ken Gallo in a securities class action concerning Citigroup’s role as an investment advisor is a prime example of her role in high-stakes cases. Audra J. Soloway , who handled a case for Biogen Inc. in which plaintiffs allege false and misleading statements in relation to its Alzheimer’s drug aducanumab, and Theodore Wells, who won a complete defense verdict on behalf of ExxonMobil in a landmark trial in New York state court alleging that the company misled investors about the risks of climate change to its business, are also recommended. Veteran partner Daniel Kramer has deep experience in representing Fortune 500 clients in high-profile, cutting-edge cases, and co-deputy chair of the Securities Litigation and Enforcement Group. Jane B. O’Brien in Washington DC and veteran litigator Richard Rosen in New York also play key roles in the practice.

Practice head(s):

Brad Karp; Susanna M. Buergel; Andrew Ehrlich; Ken Gallo; Audra J. Soloway; Theodore Wells

Other key lawyers:

Daniel Kramer; Jane B. O’Brien; Richard Rosen

Shearman & Sterling LLP

Shearman & Sterling LLP is recognized as one of the pre-eminent firms for securities litigation, investigations, and enforcement actions. The firm has offices across the US, giving it a strong presence in state and federal court actions throughout the country. Best known for its strong relationships with financial institutions, the firm is a key adviser to underwriters, though it frequently acts for corporate issuers in high-stakes matters. For Canadian cannabis company Sundial Growers, the firm secured the dismissal of a securities class action arising from the company’s IPO, which was followed by declines in its stock price. Adam Hakki, who led that case, and Richard Schwed in New York, lead the team along with Patrick Robbins in San Francisco. Agnès Dunogué is an up-and-coming partner in New York, where Grace Lee was promoted to partner in April 2021, as was Mallory Brennan in Houston. Hakki and Lee recently acted for Morgan Stanley in a class action alleging that defendants conspired to fix interest rates of variable rate demand obligations at an artificially high level.

Practice head(s):

Adam Hakki; Richard Schwed; Patrick Robbins

Other key lawyers:

Agnès Dunogué; Grace Lee; Mallory Brennan

Key clients

Bank of America Merrill Lynch

Pattern Energy Group

Uber Technologies, Inc.

Sundial Growers Inc.

Barclays

ViacomCBS

Intercontinental Exchange, Inc.

Synchrony Financial

Cemex LatAm

Mizuho

Credit Suisse

Evercore

Cantor Fitzgerald

Altice USA

BNP Paribas

Dycom Industries, Inc.

Goldman Sachs

Taro Pharmaceuticals

Jefferies

Citigroup

Morgan Stanley

Work highlights

  • Represented Sundial Inc. in a putative securities class action in New York state court. On February 16, 2021, the Appellate Division of the New York State Supreme Court, First Department, unanimously affirmed the dismissal of the action in its entirety.
  • Represented Uber Technologies, Inc., a multinational technology company, and certain of the Company’s directors in a securities class action lawsuit filed in California.
  • Represented purchasers of the ProShares Short VIX Short-Term Futures ETF in a significant litigation victory in a putative securities class action brought in the U.S. District Court for the Southern District of New York related to the infamous “Volpocalypse,” in which the VIX (volatility index) collapsed in February 2018, with billions of dollars in resulting investor losses.

Simpson Thacher & Bartlett LLP

At Simpson Thacher & Bartlett LLP, the practice is ‘adept at litigating, mediating and trying cases', specializing in industry-challenging high-stakes securities matters, in both the regulatory enforcement arena and in securities litigation. Among high-profile examples in 2021 is the firm’s work for Twitter, which the firm represented in obtaining the dismissal of a Securities Act claim in the California Superior Court, and favorably settled another securities fraud class action. Jonathan Youngwood, who is ‘superior in securities litigation‘, leads the practice with Lynn Neuner, who took over the reins following the retirement of Paul Curnin. They are based in New York, where up-and-coming partner Craig Waldman is a also key member of the practice. Waldman was part of a team that defended Bausch Health Companies in a securities class action, numerous individual actions and a related RICO class action. In Palo Alto, James Kreissman, who led the Twitter case with Youngwood, and emerging talent Stephen Blake are the standout practitioners.

Practice head(s):

Jonathan Youngwood; Lynn Neuner

Other key lawyers:

James Kreisssman; Craig Waldman; Stephen Blake; Janet Gochman

Testimonials

‘The team at Simpson is extraordinarily strong. Led by Jonathan Youngwood, the team is adept at litigating, mediating and trying cases. What is all too often a weakness at OTHER firms, it is a strength at Simpson. Effortlessly aggressively litigating creating leverage but being able to transition to then leveraging that high powered litigation in the settlement context but with a deft hand and touch for the settlement dynamic. The industry also understands that when Jon is handling the case, he will also try the case if need be.’

‘Top of the market and the profession. Clients have great confidence in their ability to get results.’

‘Jonathan Youngwood is superior in securities litigation.’

‘In my opinion, they are at the top of the class for securities litigation defense work. Remarkably effective defense lawyers who have an incredible understanding of the legal and practical aspects of defending against 10b claims.’

‘Jon Youngwood and Janet Gochman are extraordinary lawyers. Very easy to work with under trying circumstances. They instill confidence in clients and carriers alike.’

‘Outstanding legal acumen.’

‘Once they dig in, they understand the business and the record better than we do!’

Key clients

Alibaba Group Holding Ltd

Allakos Inc.

Bausch Healthcare (f/k/a Valeant Pharmaceuticals)

The Blackstone Group, LP

Deutsche Bank AG

J.P. Morgan Chase & Co.

Kohlberg Kravis Roberts & Co.

Micron Technology, Inc.

Morgan Stanley & Co. Inc.

ProAssurance Corporation

SeaWorld

The Toronto-Dominion Bank

Twitter

Velocity Financial

ViacomCBS Inc. (f/k/a CBS Corporation)

Work highlights

  • Representing Valeant Pharmaceuticals in obtaining dismissals and highly favorable resolutions in multiple suits.
  • Acted for Velocity Financial in securing dismissal in pandemic-related securities class action.
  • Representing Twitter in successfully resolving multiple securities class actions and derivative lawsuits in Northern District of California and San Mateo Superior Court.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP has a strong national presence in securities litigation and is also heavily involved in cross-border matters, leveraging its network of US-qualified lawyers in Europe, Asia and Latin America. Its work for issuers, underwriters, board members and other individuals spans the full spectrum of securities litigation, including the emerging area of cases involving special purpose acquisition vehicles. The firm also has a strong position in sectors such as fintech, technology, healthcare, biotechnology and pharmaceuticals. Head of the national securities litigation practice Jay Kasner and co-deputy heads Scott Musoff and Susan Saltzstein are the standout practitioners. Kasner and Saltzstein secured the dismissal of a series of class actions and derivative cases against FedEx Corporation and several present and former officers and directors arising from the company’s failure to disclose the impact of of a worldwide cyberattack in 2017. Kasner and Musoff were also part of a team that successfully represented Canadian Imperial Bank of Commerce in a long-running case brought by an affiliate of Cerberus Capital Management stemming from a billion-dollar structured finance transaction.

Practice head(s):

Jay Kasner; Scott Musoff; Susan Saltzstein

Weil, Gotshal & Manges LLP

At Weil, Gotshal & Manges LLP in New York, the ‘talented, strategic' team handles both securities litigation, corporate governance and regulatory enforcement matters, frequently acting for publicly traded corporations, financial institutions, private equity firms and other major companies, among them Carlyle Group, General Electric and AMC Entertainment. John Neuwirth and Caroline Zalka are co-heads of the securities litigation practice. Neuwirth successfully represented Brookfield and certain of its affiliates in a precedent-setting stockholder derivative and class action suit before the Delaware Supreme Court. Stacy Nettleton , who is ‘highly engaged, smart and is a wonderful communicator and strategist‘, Joshua Amsel , and Evert Christensen are recommended as standout securities litigators. Veteran litigator Joseph Allerhand  retired in 2021.

Practice head(s):

John Neuwirth; Caroline Zalka

Other key lawyers:

Stacy Nettleton; Evert Christensen; Joshua Amsel

Testimonials

‘The team is talented, strategic and communicates well.’

‘Stacy Nettleton is a stand out. She is highly engaged, smart, and has the client’s needs in mind. She is a wonderful communicator and strategist.’

‘They are collaborative and they just get it. Great quality work every time.’

‘Stacey Nettleton — always responsive, excellent client focus, great collaboration and teamwork.’

‘Solely focus on corporate and securities litigation, and have for last 30 years.’

‘Tough, creative, sophisticated and not afraid to try cases. John Neuwirth equally skilled and renowned in the securities area as well. Josh Amsel and Stacey Nettleton superstars in their own right.’

‘The team guides us well through the maze of a US class action matter, good tactical recommendations and outstanding project management and the ability to summarize complex issues and fact patterns succinctly.’

Key clients

Brookfield Asset Management

Carlyle Group

Signet Jewelers

BTG Pactual

General Electric

Morgan Stanley

AMC Entertainment

Walgreens Boots Alliance

Willis Towers Watson

Sasol

Fidelity National Financial

Pilgrim’s Pride

Elanco Animal Health

Churchill Capital Corp. III and Churchill Capital Corp. IV

Campbell Soup Company

Quad/Graphics

Jefferies Financial Group

Ascena Retail

Cannae Holdings

Work highlights

  • Represented Brookfield Asset Management in securing a precedent-setting decision that overturned a lower court ruling in a multi-hundred million dollar shareholder class/derivative litigation, reversed a 15-year-old precedential ruling, and will have a profound impact on the future of Delaware corporate law and corporate transactions.
  • Representing Churchill Capital Corp. IV in a vanguard SPAC litigation (involving Lucid Motors); and continuing to defend Churchill Capital Corp. III in a litigation in Delaware that will likely add significant contour to SPAC governance moving forward (involving MultiPlan).
  • Representing Morgan Stanley in the decade-long, billion-dollar Tribune LBO fiduciary duty and fraudulent conveyance litigation by affirming a dismissal before the Second Circuit.

Cahill Gordon & Reindel LLP

Cahill Gordon & Reindel LLP in New York is best known for its work for financial institutions, and the firm frequently acts for underwriters in 33 Act, 10b5 and rate manipulation cases. The firm is currently acting for anchor client Credit Suisse and its subsidiaries in all US litigation arising from allegations of manipulation of the global foreign exchange markets, a case led by chair of the litigation department Herbert Washer and lead securities litigation partner David Januszewksi. As well as handling litigation for investment banks, asset managers and hedge funds, the firm also has a strong presence in regulatory enforcement matters, for which Bradley Bondi in Washington DC is recognized as a leading expert. He also handling a class action against fintech company Triterras concerning alleged omissions concerning the company’s exposure to a customer and business relationships between defendants. Up-and-coming partners Jason Hall and Sheila Ramesh lead the day-to-day work for two of the firm’s significant clients, Credit Suisse and Deutsche Bank.

Practice head(s):

Herbert Washer; David Januszewski

Other key lawyers:

Jason Hall; Sheila Ramesh

Key clients

KeyBanc Capital Markets

Needham & Co.

China International Capital Corporation Hong Kong Securities

Haitong International Securities Company

Credit Suisse

Deutsche Bank

UBS

S&P Global

Morgan Stanley

Barclays Capital

BofA Securities

CLSA Limited

Goldman Sachs (Asia)

Trevor Milton (billionaire founder and former chairman of Nikola Corporation)

Various hospital funds in litigation against Allianz Global Investors U.S. LLC and related corporate entities

Directors and officers of Patriot National, Inc.

Triterras

Work highlights

  • Representing Credit Suisse and its subsidiaries in all U.S. litigation relating to alleged manipulation of the global foreign exchange (FX) markets.
  • Represented Credit Suisse in defeating a purported class action brought by plaintiffs alleging that Credit Suisse and other banks violated the antitrust laws by colluding to manipulate U.S. Treasury auctions and the pricing of Treasury securities in the when-issued market, and that the banks and certain trading platforms engaged in a group boycott to prevent exchange-style trading of Treasury securities in the secondary market.
  • Representing Credit Suisse in connection with all US litigation relating to the multitrillion-dollar market for US dollar-denominated supranational, sovereign, and agency (SSA) bonds. The complaints generally allege that defendants, including Credit Suisse and other major investment banks, conspired to fix the prices of SSA bonds sold to and purchased from investors in the secondary market.

Cooley LLP

Cooley LLP is a key adviser to many of the world’s largest technology and life sciences companies in the full range of securities disputes. The firm is praised as ‘creative in addition to being knowledgeable on the subject matter‘, and one client remarks that the firm also has ‘excellent strengths with SEC litigation matters defense work, strong experience, and knows the issues and key players‘. A prime example of its on-going work is its defense of Nvidia arising from the company’s $25bn loss in market capitalization over a three-month period in late 2018, led by practice head Patrick Gibbs and key partner John Dwyer , both based out of Palo Alto. Koji Fukumura in San Diego, a former chair of securities litigation, continues to act for many of California’s largest corporations, among them Qualcomm and Arlo Technologies, including representing Arlo in multiple securities class actions filed in connection with the company’s 2018 IPO.

Practice head(s):

Patrick Gibbs

Other key lawyers:

John Dwyer; Koji Fukumura; Michael Tu

Testimonials

‘Cooley has excellent strengths with SEC litigation matters defense work. They have strong experience, know the issues and key players and provide very solid counsel/prep/support.’

‘Michael Tu and his team at Cooley stand out clearly as “best in class” in their space globally. The team takes the time to understand the people involved and fully understand the human dimensions as well as the often complex legal issues involved. Mikeand team are always very constructive and understanding around billing, taking into account the sometimes difficult position in which clients may find themselves.’

‘The firm leverages leading AI and this technology to be both more effective (for example, around searching massive data sets of documents or email) and to reduce billable hours. Mike Tu and his team also interface seamlessly with other advisers and counsel when necessary or value-accretive.’

‘Michael Tu and his team at Cooley fully understand both the legal issues as well as having a comprehensive understanding of the “human dimension” and issues that may present themselves and affect strategy and outcomes. Mike and team work with incredible attention to detail while maintaining a sense of urgency and take full “ownership” of key matters working as an invaluable partner with the client.

‘The team has also gone out of its way to help with introductions to other excellent advisors focusing on who would be best for the client. This may be an external advisor, even when there is an in-house Cooley option available.’

‘A very professional and reactive team.’

‘Creative in addition to being knowledgable on subject matter. Understands business objectives.’

‘Depth of understanding. Passionate representation.’

Key clients

ACADIA Pharmaceuticals

Accelerated Assets

Arlo Technologies

Former Corporate Controller of Valeant Pharmaceuticals

Cloud Linux Software and Cloud Linux Holdings

GENFIT

Gilead Sciences

Innate Pharma

Meredith Corporation

Mindbody

NVIDIA

Orphazyme

Qualcomm

Stitch Fix

Tableau

The Honest Company

Twitter

Verrica Pharmaceuticals

Zoom Video Communications

Work highlights

  • Represented GENFIT in a securities class action that was voluntarily dismissed in Massachusetts state court and then dismissed with prejudice in New York state court.
  • Represented Twitter Inc. and two of its former officers in a securities class action filed in 2016, which is among small number of securities class actions that completed discovery, moved past summary judgment, and came within three days of being tried.
  • Represented NVIDIA in securing dismissal of a long-running investor class action in the Northern District of California filed against NVIDIA arising from a $25 billion loss in the company’s market capitalization over a three-month period in late 2018.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP has ‘excellent strength in securities litigation defense with extremely savvy and focused litigators who can deliver great results in challenging matters‘. Best known for its regulatory enforcement work, the firm also routinely represents corporations and their officers and directors in challenging, high-stakes securities litigation in federal and state courts across the US. Maeve O’ Connor in New York and Jonathan Tuttle in Washington DC are co-chairs of the practice. O’Connor and up-and-coming New York partner Elliot Greenfield are praised as ‘brilliant lawyers and incredibly strategic‘. Together, they acted for MetLife in a series of high-profile matters, including a class action alleging that the company’s practices and procedures used to estimate its reserves for group annuity payments were inadequate, and that MetLife had inadequate internal controls over financial reporting. They also secured the dismissal of a class action against VMWare, in which plaintiffs alleged that the company had artificially inflated its revenue for software.

Practice head(s):

Maeve O’Connor; Jonathan Tuttle

Other key lawyers:

Elliot Greenfield

Testimonials

‘Excellent strength in securities litigation defense. Maeve O’Connor and Elliot Greenfield stand out.’

‘Extremely savvy and focused litigators who can deliver great results in challenging litigation matters. Maeve O’Connor is the standout partner.’

‘Extremely savvy and focused litigators who can deliver great results in challenging litigation matters.’

‘Incredibly smart, responsive but practical at the same time. Also, they value the client relationship and will work with us on staffing and billing. A true pleasure to work with.’

‘Maeve O’Connor and Elliot Greenfield are brilliant lawyers. They are both incredibly strategic. Elliot is the best legal writer I have ever worked with.’

Key clients

MetLife, Inc.

Prudential Financial, Inc.

Capital One Financial Corp.

JP Morgan & Chase, Inc.

Robinhood Markets, Inc.

VMware, Inc.

Tribune Media Company

Ripple Labs, Inc.

Winged Foot Golf Club and the Board of Directors of the Winged Foot Holding Corporation

J&T Banka, A.S. and Postova Banka, A.S.

Federal Reserve Bank of New York

Clayton Dubilier & Rice LLC

The We Company/WeWork

The Special Committee of Liberty Broadband

Special Committee of the Board of Directors of Match, Inc.

PPG Industries, Inc.

Dechert LLP

Dechert LLP‘s trials, investigations and securities litigation group calls on lawyers in offices from East Coast to West Coast, as well as outside the US, to represent companies both domestic and cross-border securities litigation class actions, shareholder derivative suits, mutual fund litigation, broker-dealer disputes, internal investigations and SEC and other regulatory proceedings. The firm continued to expand its presence in California in 2021, with the hire of securities and corporate governance litigation partner Richard Horvath in San Francisco from Paul Hastings LLP. David N Kelley in New York and David Kistenbroker, who works from both New York and Chicago, are the lead partners. Kistenbroker and Chicago-based Joni S. Jacobsen defended recycling company PureCycle Technologies, Inc. and certain officers in separate class action alleging that they made materially false and misleading statements regarding the company’s business leading up to a reverse merger listing on NASDAQ. New York-based partners Andrew Levander and Matthew L Larrabee in also play key roles in the securities and M&A-related disputes.

Practice head(s):

David Kelley; David Kistenbroker

Other key lawyers:

Joni Jacobsen; Richard Horvath; Matthew Larrabee; Andrew Levander

Key clients

Qihoo 360 Technology

Antares Pharma

Purecycle and certain officers

Mallinckrodt Public Limited Company and certain officers and directors

Molson Coors Beverage Company and certain officers and directors

Zynerba Phamaceuticals, Inc, and current and former directors and officers

Intelligent Systems Corporation

Present and former officers of Fusion Connect, Inc.

Former CFO of Perrigo Co. plc.

Former board member of China Auto Logistics

Former CFO of Syneos Health

Lipocine, Inc. and certain officers

Turtle Beach Corporation/VTB Holdings, Inc./Stripes Group

CorMedix Inc. and certain current and former officers and directors

Work highlights

  • Represented VTB in defeating an attempt by shareholders to enjoin a December 27, 2013 shareholder vote on the merger between VTB Holdings, Inc. (which does business as “Turtle Beach”) and Parametric Sound, Inc., a publicly traded audio technology company that is incorporated in Nevada and based in San Diego, California.

Freshfields Bruckhaus Deringer LLP

The New York office of Freshfields Bruckhaus Deringer LLP has ‘a very strong team that is proactive, hands on, and creative‘. The firm has quickly blazed a trail in the market, thanks largely to the efforts of co-heads Meredith Kotler and Mary Eaton. While a recently established group, it offers a strong bench of experienced partners, among them Boris Feldman, who in his lengthy career has defended more than 240 shareholder class actions, derivative suits, and merger challenges. Up-and-coming partner Doru Gavril in Silicon Valley has played a key role in high-profile matters for major technology companies. Feldman, Eaton and Gavril secured a complete victory in a putative class action for Pinterest, its CEO and CFO in which plaintiffs alleged the company made false and misleading statements in the first and second quarters of 2019 about its future growth. Kotler represented 3M in a federal securities class action concerning the company’s alleged failure to adequately reserve funds to cover potential liability in environmental, mass tort, and other litigation based on its prior production of certain chemicals.

Practice head(s):

Meredith Kotler; Mary Eaton

Other key lawyers:

Boris Feldman; Doru Gavril

Testimonials

‘Very strong team. Proactive, hands on, and creative, particularly Meredith Kotler and Mary Eaton.’

Key clients

3M Company and several current and former officers and directors

ACM Research

Alphabet

Amarin Corp. PLC

Apyx Medical

AstraZeneca PLC, its CEO, and several other executives

Carlotz, its CEO, CFO and Board of Directors

Citigroup Inc. and the Independent Directors of the Citigroup Board

Energy Recovery, Inc.and its current and former CEO and CFO

J.P. Morgan Securities LLC

ParkerPetit, former CEO of MiMedx and former Director of Intelligent Systems

Pinterest, Inc. and several officers and directors

Royal Caribbean Cruises Ltd., and its CEO and CFO

Tyson Foods, its current and former CEO, its CFO, and its Board of Directors

Work highlights

  • Represented 3M Company and its officers and directors in a securities class action challenging disclosures regarding, and accounting reserves for, allegedly billions of US dollars in potential liability in pending mass tort and environmental litigation.
  • Represented Pinterest, its CEO, and its CFO in a putative securities class action in the Northern District of California in a suit that alleged the company made false and misleading statements regarding Pinterest’s future growth.
  • Representing the board of directors of Citigroup in shareholder derivative suits and a related securities class action based on Citi’s widely reported error in writing $900 million to Revlon’s creditors and associated claims alleging that the board knowingly allowed Citi to maintain insufficient operational controls and to violate the terms of regulatory settlements.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP is praised as ‘strategic, insightful, knowledgeable, collaborative, communicative and proactive‘, and acts for represents companies, financial institutions, special committees, special litigation committees, and officers and directors in cases filed in state and federal courts throughout the country. A standout case from 2021 saw the firm represent Under Armour and members of its board in a consolidated securities class action alleging that the company concealed that it was experiencing a host of sales problems. James Wareham in Washington DC, who led that matter, is global chair of litigation, while Scott Luftglass, who is ‘strong and extremely capable in his field’ and Peter Simmons in New York are co-chairs of securities and shareholder litigation. Simmons and Luftglass recently settled a claim against Evoqua Water Technologies in a class action and derivative actions alleging misrepresentations in the company’s IPO registration statement and subsequent announcements concerning its earnings and growth strategy. Also in New York, former US Attorney Geoffrey Berman ‘has deep industry experience‘ and key partner Israel Davidis ‘a top-notch litigator, knowledgeable, patient and clear‘.

Other key lawyers:

Israel David; Peter Simmons; Geoffrey Berman

Testimonials

‘Strategic, insightful, knowledgeable, collaborative, communicative, proactive.’

‘Geoff Berman – deep industry experience as a former US Attorney Scott Luftglass – strong and extremely capable in his field.’

‘Knowledgeable in all aspects of securities litigation. Good judgment brought to bear in all situations.’

‘Scott Luftglass and and others all are excellent.’

‘The Fried Frank litigation team has not lost a single case for us. Outstanding track record.’

‘Israel David is a top-notch litigator. Knowledgeable, patient, clear on his explanations and accessible around the clock. It is a privilege to work with him.’

Key clients

Under Armour

Perrigo Company

Evoqua Water Technologies

Seritage Growth Properties

Apollo Global Management

Current and Former Directors of Xerox Holdings Corporation

JPMorgan Securities LLC

Performance Shipping

Gregory Kelly, Former Representative Director of Nissan Motor Co.

Work highlights

  • Representing Under Armour, Inc. and members of its Board of Directors in connection with multiple securities class action and derivative litigation matters.
  • Representing Perrigo in connection with multiple securities litigation, commercial arbitration, and associated advisory matters relating to the company’s strategic acquisitions and earnings announcements.
  • Representing Evoqua Water Technologies, its board of directors and senior management in a stockholder class action “stock-drop” litigation brought in the Southern District of New York under federal securities laws, and related derivative litigations filed in the Western District of Pennsylvania.

Goodwin

At Goodwin, the lawyers are praised by clients as ‘top-flight, responsive and knowledgable‘, demonstrating ‘extensive knowledge, responsiveness and profound understanding of the material‘ in its standout work on securities class actions for companies in the life sciences, biotechnology and pharmaceutical industries, as well as the defense of financial institutions. It has also developed a strong presence in SEC investigations and enforcement actions, and securities class action litigation for companies and individuals in the blockchain and digital currency industry. Deborah Birnbach and James McGarry in Boston lead the practice. Birnbach secured the dismissal of a securities class action against biopharmaceutical company Alkermes plc, in which plaintiffs alleged misstatements and omissions regarding the development program for a clinical stage drug for major depressive disorder. Brian Pastuszenski is a highly respected litigator who continued his impressive track record working with fellow New York partner Daniel Roeser in defending two syndicates of investment banks that underwrote over $158m in secondary offerings of common stock of Axogen, Inc. alleging that that the company misrepresented the size of the market for its products.

Practice head(s):

Deborah Birnbach; James McGarry

Other key lawyers:

Brian Pastuszenski; Daniel Roeser; Richard Strassberg

Testimonials

‘I primarily worked with one partner, but the lawyers that I came into contact with were all top flight, responsive and knowledgable.’

‘The responsible party was very responsive, thoughtful, detail oriented and a pleasant person with whom to work. It was difficult situation and she has managed to help us navigate it well.’

‘The team as a whole demonstrated extensive knowledge, responsiveness, profound understanding of the material. I work with other law firms and Goodwin’s professionalism definately stands out.’

‘The lead partner was Richard Strassberg. He demonstrated a great combination of profound knoeledge and undertanding of legal aspects together with a very hands on approach and understanding of the complex background and facts.’

‘Highly experienced team members with all specialties represented and work together seamlessly. Disciplined responses to changing situations speaking with a single voice.’

‘Dan Roeser is simply outstanding with deep thinking, highly valued advice and detailed legal reviews.’

Key clients

Alkermes plc

BNP Paribas S.A. and BNP Paribas Securities Corp. (BNPP)

The Co-Founders and Co-Chairmen of Wayfair Inc.

The Goldman Sachs Group Inc

Citigroup

Zendesk, Inc.

bluebird bio

Brookfield Property Partners

Axogen, Inc. Syndicates of Underwriters

Occidental Underwriting Syndicate

AmosAnatot

Shimmur, Inc., d/b/a Community

Work highlights

  • Represented Alkermes in obtaining full dismissal with prejudice of a securities class action filed in the Eastern District of New York against Alkermes as well as four of its officers and executives, relating to alleged misstatements and omissions regarding the development program for ALKS 5461, a clinical stage drug for major depressive disorder, including the submission of its NDA and related FDA interactions.
  • Represented Zendesk, a SaaS company that provides a variety of tools that allow the company’s clients to manage their customer interactions, and some of the company’s executive officers and directors in a putative securities class action filed in the Northern District Court of California.
  • Representing numerous SPACs in discussions around key process and disclosure considerations in connection with SPAC IPOs and deSPAC transactions.

Morgan, Lewis & Bockius LLP

Morgan, Lewis & Bockius LLP has a deep bench of securities litigation and enforcement lawyers, who handle not only issuer-based class actions, but also high-profile regulatory matters before the SEC and the DOJ. It has a particular focus on cases involving complex financial products, including credit default swaps, derivatives, structured products, fixed-income instruments and commodities. Timothy Burke in Boston leads the securities enforcement and litigation group, in which Jeff Boujoukos in Philadelphia oversees enforcement work and Jordan Hershman in Boston leads on litigation. Michael Kichline in Philadelphia has deep experience in securities class actions and corporate governance disputes. Hershman secured the complete dismissal of three putative securities class actions against Casa Systems brought under Section 11 of the Securities Act of 1933. Charlene Shimada in San Francisco is a highly regarded litigator and founder of Women In Securities (WISe), a network for women securities litigators, who recently secured several significant victories for the underwriters of the U.S. initial public offering of Sogou, Inc., among them JPMorgan Securities and Goldman Sachs (Asia).

Practice head(s):

Timothy Burke; Jeff Boujoukos; Jordan Hershman

Other key lawyers:

Michael Kichline; Charlene Shimada

Key clients

Synchronoss Technologies, Inc.

Casa Systems, Inc.

Evercel, Inc./ZAGG Inc.

Buckeye Partners LP

J.P. Morgan

Jefferies LLC

Goldman Sachs & Co. LLC

KPMG LLP

Work highlights

  • Represented directors of Synchronoss Technologies Inc. in a shareholder derivative lawsuit.
  • Represented Casa Systems and certain of its directors and officers in securing the complete dismissal of three putative securities class actions for our clients.
  • Represented the underwriters of the U.S. initial public offering (IPO) of Sogou, Inc. in In re Sogou, Inc. Shareholder Litigation.

O'Melveny & Myers LLP

The 'very well prepared and very smart' practice at O’Melveny & Myers LLP has a particularly strong track record in defending the major financial institutions in securities litigation matters, among them Goldman Sachs, Morgan Stanley and Wells Fargo Bank. Jonathan Rosenberg in New York and Matthew Close in Newport Beach lead the practice. Both play key roles in representing underwriter syndicates in federal and state courts in matter concerning IPOs and secondary offerings. A prime example is their work for a Goldman Sachs-led underwriting syndicate in actions arising from the the IPO of Dropbox, Inc. Seth Aronson in Los Angeles recently secured the dismissal of a securities fraud action for ArcSoft, Inc. Amy Park in Silicon Valley, who joined from Skadden, Arps, Slate, Meagher & Flom LLP in 2021, is a boost to the firm’s West Coast practice.

Practice head(s):

Jonathan Rosenberg; Matthew Close

Other key lawyers:

Seth Aronson; Amy Park; Patrick McKegney

Testimonials

‘O’Melveny is at the top of the list as far as I am concerned. They get excellent results.’

‘Very well prepared and very smart. They really dive deeply into the facts and the case.’

‘The OMM team was very focused on bringing multiple subject matter experts to bear on the case, providing a view into the facts, technical, and emotional elements involved. The discussions we had along the way about different options and potential off ramps always kept us on the same page with next steps.’

‘There were a large number of issues thrown at us by the plaintiff, and the team kept track of them and ensured that the mediator understood the case at its core and did not let the swirl and narrative presented by the other side confuse the facts of the situation. Showing the facts as told by the plaintiff’s own words (gleaned from a mountain of discovery) was a very effective approach to simplify the mediator’s decision.’

‘Amy Park was thorough and always prepared, defining a strategy that moved the case from court into arbitration early on in the process. Amy kept keeping me informed and asking for input throughout the process.’

‘At key decision points, we had discussions with the core team on pros/cons and risks of different approaches. Patrick McKegney and Amy Park ensured discovery, interviews, and prep were thorough and organized, keeping the storyline clear even as the amount of information in the case and the issues involved expanded. And the collective team brought a passion for the case and a passion for our business and values which came through in the defense.’

Key clients

ArcSoft Corporation Ltd.

BrightSpire Capital (f/k/a Colony Credit Real Estate)

Canaan Inc.

Former directors of WageWorks, Inc.

Goldman Sachs and Morgan Stanley-led Underwriter Syndicates

Maxar Technologies, Inc.

Oakland Roots Soccer Club

Sonim Technologies, Inc.

Sportsman’s Warehouse, Inc.

Vecco Instruments, Inc.

Wells Fargo Bank, N.A.

Ziff Davis, Inc. (f/k/a J2 Global, Inc.)

Orrick, Herrington & Sutcliffe LLP

Praised as 'one of the premier teams for this kind of work‘, Orrick, Herrington & Sutcliffe LLP has a nationwide presence and acts for clients in key sectors such as financial services and technology in high-value and high-stakes cases across the US. Robert Stern in Washington DC is the lead partner in the white-collar, investigations, securities litigation and compliance practice. He recently acted for Louis Dreyfus Company LLC in a putative class action seeking more than $600m in damages arising from allegations that the company manipulated the cotton futures market. Alex Talarides in San Francisco is an emerging talent in high-profile and complex securities litigation matters, including a securities class action against Apple arising from the company’s announcement in 2019 that it was lowering its revenue guidance for the first quarter of to $84bn. James Kramer, also based in San Francisco, acted as co-lead counsel in that case.

Practice head(s):

Robert Stern

Other key lawyers:

Alex Talarides; James Kramer

Testimonials

‘I think this is one of the premier teams for this kind of work. Deep expertise, extensive capabilities, excellent problem solving, efficient work style. Very very capable and always dependable this is one of my go-to external teams.’

‘James Kramer is the person I call whenever I have a securities litigation question and his team handles nearly everything in this area. Responsiveness is extremely high, thoughtfulness and creativity in addition to subject matter expertise make Jim a standout. He has a deep team supporting him.’

Key clients

Apple

PayPal Holdings, Inc.

LendingClub

Louis Dreyfus

Ramesh “Sunny” Balwani (Theranos)

James Monsees (JUUL)

Credit Suisse

Momentus Space

ZocDoc, Inc.

Thought Convergence, Inc.

Kimmarie Sinatra (Wynn Resorts)

Work highlights

  • Representing Apple in a securities class action and parallel shareholder derivative action arising from Apple’s announcement in January 2019 that it was lowering its revenue guidance for the first quarter of FY2019 to $84 billion from the previously-provided range of $89-93billion.
  • Represented PayPal in a string of securities class actions.
  • Represented LendingClub and its directors and officers in a securities class action in the Northern District of California, and shareholder derivative action in the Delaware Court of Chancery.

Wachtell, Lipton, Rosen & Katz

Wachtell, Lipton, Rosen & Katz in New York handles a broad range of complex, high-profile and bet-the-company matters, predominantly for its stellar corporate client base which includes numerous Fortune 500 companies. It also acts for financial institutions in securities fraud class actions, books-and-records demands, and IPO- and proxy-related disclosure claims. William Savitt is co-chair of the litigation practice and is focused predominantly on M&A and corporate governance disputes, as well as securities cases. Litigation co-chair Jonathan Moses handles complex commercial, securities and antitrust litigation, and recently worked with Stephen DiPrima as lead counsel to Altria Group in securities and derivative cases arising from its 2018 investment in JUUL Labs.

Practice head(s):

William Savitt

Other key lawyers:

Jonathan Moses; Stephen DiPrima

Work highlights

  • Representing Altria Group, Inc. in securities and derivative litigation connected with its December 2018 investment in JUUL Labs, Inc. Altria Group, Inc. invested in JUUL Labs, Inc.
  • Representing Arconic against alleged disclosure violations concerning materials manufactured by an indirect subsidiary of Arconic that were used in cladding Grenfell Tower.

Williams & Connolly LLP

Williams & Connolly LLP in Washington DC frequently represents a wide range of major corporations and financial institutions, among them Bank of America, The Carlyle Group and AstraZeneca, in high-profile securities matters. Steven Farina and Amanda MacDonald, who lead the practice with Robert Van Kirk, represented CVS Health in federal and state securities class actions arising from the company’s announcement of a goodwill write-down associated with its Omnicare business in 2019. Up-and-coming partner John Williams, who acts for issuers, private equity firms, underwriters, professional advisers, and individuals in securities suits, worked alongside Van Kirk as lead counsel for Tenet Healthcare in shareholder derivative litigation and a securities class action arising out of its resolution of a False Claims Act investigation.

Practice head(s):

Steven Farina; Robert Van Kirk; Amanda MacDonald

Other key lawyers:

John Williams

Key clients

CVS Health

AstraZeneca

The Carlyle Group

Silver Lake Partners

AmTrust Financial Services

Ernst & Young

Bank of America

Elizabeth Holmes

Travis Kalanick

Range Resources Corporation

Tenet Healthcare

Former CFO of Booz Allen

Entrepreneur and Co-Founder of ZocDoc

Work highlights

  • Representing CVS Health in multiple pending federal and state securities class actions alleging 1933 and 1934 Act violations relating to its acquisition of Omnicare in 2015 and subsequent accounting judgments. The firm has won dismissal of several of the cases in federal and state courts.
  • Representing Silver Lake and associated directors in shareholder litigation relating to Dell’s 2018 Class V stock transaction. The case is pending in Delaware Chancery Court.
  • Representing The Carlyle Group, Inc. and various affiliated entities, along with former directors of Authentix, Inc., in a case brought by minority shareholders alleging breaches of fiduciary duty and other claims related to the 2017 sale of Authentix.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP has a successful record in obtaining precedent-setting victories in courts across the US involving securities litigation and shareholder class actions. The firm frequently defends underwriters in complex and high-value cases, and it has become a key adviser on busted IPO cases. It also represents clients facing regulatory investigations and inquiries from the SEC. From New York, Tariq Mundiya leads the litigation department, while Todd Cosenza and Antonio Yanez are co-chairs of the securities litigation practice. The firm has a growing presence in Chicago since opening a new office in 2020, with Craig Martin, who has notable expertise in stockholder actions and fiduciary duties cases, is among the key lawyers.

Practice head(s):

Tariq Mundiya; Todd Cosenza; Antonio Yanez

Other key lawyers:

Craig Martin

Key clients

Morgan Stanley & Co. LLC

Goldman Sachs & Co. LLC

JP Morgan Securities LLC

Board of Directors of Wells Fargo

SMBC Nikko Securities America, Inc.

CBS Corporation

Xerox Corporation

Curo Group Holdings Corp.

Resideo Technologies, Inc.

Vintage Capital Management LLC

Insight Partners

Bee Street Holdings LLC

Kaseya Holdings, Inc.

Citadel Securities LLC

Work highlights

  • Represented Xerox in winning dismissal of two class actions against Xerox arising out of Xerox’s terminated transaction with Fujifilm Holdings Corporation and its settlement of other litigation relating to the Fuji transaction.

WilmerHale

WilmerHale's team is praised as ‘an absolute powerhouse who can bring deeply experienced securities litigators together with other SEC professionals offering advice. Vastly experienced in defending state and federal securities class actions and shareholder derivative claims, the firm is also heavily involved in high-profile regulatory enforcement actions. Stephanie Avakian in Washington DC, chair of the securities and financial services department and former director of the SEC’s Division of Enforcement, joined in July 2021. She leads the practice along with DC-based Christopher Davies and Matthew Martens, Boston-based Andrea Robinson, and Susan Schroeder and Michael Bongiorno in New York. The ‘ knowledgeable, user-friendlyKevin Muck and Susan Muck in San Francisco, and up-and-coming partner Timothy Perla in Boston are also among the firm’s key partners. Bongiorno recently acted for Assertio Therapeutics in a class action alleging that the company promoted its product off-label and failed to disclose regulatory risks associated with its sales practices.

Practice head(s):

Stephanie Avakian; Christopher Davies; Andrea Robinson; Susan Schroeder; Michael Bongiorno; Matthew Martens

Other key lawyers:

Kevin Muck; Susan Muck; Timothy Perla

Testimonials

‘WilmerHale is an absolute powerhouse who can bring deeply experienced securities litigators together with other SEC professionals offering advice. They are the whole package. Note that WH elevated more women partners than men this year. I know of no other Top 25 firm who has come close.’

‘Kevin and Susan Muck are knowledgeable, user-friendly, and so efficient that work is delivered before you expect it. They know everyone in the field. I would use them for any securities matter.’

‘Susan and Kevin Muck are a great team! Very smart, great client service and helpful with complex matters.’

Key clients

Assertio Therapeutics (formerly known as Depomed, Inc.)

CPI Aerostructures Inc.

CytoDyn Inc.

Dynagas LNG Partners LP

Former Chief Auditor of Wells Fargo

Iveric bio, Inc. (formerly Ophthotech Corporation)

Karyopharm Therapeutics, Inc.

Nabriva Therapeutics plc

National Holdings Corporation

Plantronics (aka Poly)

PricewaterhouseCoopers S.A.

Renewable Energy Group, Inc.

Royal Bank of Scotland Group plc

TIAA

Velodyne Lidar, Inc.

Voyager Therapeutics, Inc.

Zuora, Inc.

Zymergen Inc.

Work highlights

  • Represented Assertio Therapeutics, an FDA-regulated company that develops, sells and licenses pharmaceutical products for pain and other central nervous system conditions, and several company executives, in an action based on allegations that the company promoted its product off-label and failed to disclose regulatory risks associated with its sales practices.
  • Representing the former Chief Auditor of Wells Fargo in an administrative proceeding brought by the Office of the Comptroller of the Currency (the “OCC”). The case concerns the highly publicized events at Wells Fargo whereby bank employees allegedly provided bank customers with large numbers of unauthorized products and accounts.
  • Representing Zymergen Inc., a biofacturing company, and its officers and directors in securities class action litigation challenging statements made by the company in connection with its April 2021 IPO, which raised more than $500 million and valued the company at more than $3 billion.

Arnold & Porter

Arnold & Porter has a national presence in securities litigation and acts for an impressive roster of clients in high-stakes federal and state class action securities and derivative actions, and regulatory enforcement actions before the SEC, PCAOB, CFTC, DOJ and FINRA. Veronica Callahan in New York-chairs the securities enforcement and litigation practice. Callahan and Aaron Miner recently assisted a special committee of the board of directors of Western Union Co. with reviewing and investigating shareholder demand letters alleging breaches of directors’ and officers’ duty to oversee anti-money laundering and fraud compliance related to the cross-border transfer of funds. Jane Norberg, former Chief of the Office of the Whistleblower for the SEC, recently joined the firm to bolster its regulatory enforcement capability in Washington DC.

Practice head(s):

Veronica Callahan

Other key lawyers:

Aaron Miner; Michael Trager; Jane Norberg

Key clients

Special Committee of the Board of Directors of Western Union Co.

RSM US LLP

Yelp Inc.

Dunkin’ Brands Inc.

TSR Inc.

Aegis Capital Corp.

FirstEnergy Corp.

KloudScript, Inc.

York Capital Management

Charles Schwab

AIG

Novartis International

Rabobank

Altria

BKD LLP

Work highlights

  • Representing the Special Committee of the Board of Directors of the Western Union Company in connection with an internal investigation.
  • Representing Yelp and its current and former officers in securities class action alleging misrepresentations and omissions relating to retention levels for local advertisers.
  • Representing RSM US LLP, the global accounting firm that audited GPB Holdings II and affiliated entities, in responding to an SEC enforcement subpoena as well as subpoenas issued by the Commonwealth of Massachusetts’ Securities Division and the NJ Bureau of Securities, as well as representing RSM in discovery in an ongoing investor litigations in New York.

Baker Botts L.L.P.

Baker Botts L.L.P.' ‘incredibly fast and responsive' team is best known for its work in the energy sector, the firm continues to expand the scope of its securities litigation practice to other key industries, including financial services. Danny David in Houston and Bridget Moore in Washington DC lead the global litigation department, while Houston-based Amy Pharr Hefley co-chairs the securities litigation group with Jessica Pulliam , praised as  ‘the leading securities lawyer in the Dallas Fort Worth market'. Another standout partner is David Sterling in Houston, who worked with Hefley as lead counsel for Chicago Bridge & Iron Company in a securities class action alleging that the company made misrepresentations about its accounting for a $3bn acquisition of The Shaw Group in 2013, its accounting for two nuclear projects being constructed by Shaw in South Carolina and Georgia, and its financial reporting and public statements with respect to those projects.

Practice head(s):

Danny David; Bridget Moore; Jessica Bateman Pulliam; Amy Pharr Hefley

Other key lawyers:

David Sterling

Testimonials

‘I feel confident when I call on Baker Botts to find the right advice for a critical legal issue for my business. They can find the right internal expert in any area, and are incredibly fast and responsive to me needs. I have been impressed with their billing practices compared to other firms – they do not overbill. Simply put, knowing I have a right legal team in place helps me sleep better at night.’

‘Jessica Pulliam and Danny David stand out as excellent partners in their areas of expertise. Their responsiveness, availability, efficiency and candor is top notch compared to other firms. They are worth their hourly rates and do not overbill.’

‘The #1 securities litigation group in Texas — outstanding team.’

‘Jessica Pulliam — she is the leading securities lawyer in the Dallas Fort Worth market.’

‘Danny David leads the team. He did an exceptional job over a seven-year period as our litigator in a case that was argued in district court, appellate court, the Texas state Supreme Court and the Delaware Supreme Court. Danny is intelligent, articulate and client centric. Danny’s attention to detail, outstanding verbal and written communication skills and mastery of the legal arguments was impressive. His dedication and unwavering focus over seven years was equally impressive.’

Key clients

Chicago Bridge & Iron Company N.v.

Hallmark Financial Services, Inc.

Apache Corporation

Mcdermott International, Inc.

Gulfport Energy Corporation

Insperity, Inc.

Fts International Services, Llc

Conocophillips/concho Resources

Yieldstreet Inc.

Charles Schwab

Mabvax Therapeutics Holdings, Inc.

Vaxart, Inc.

Jeremy Drake

Tpv Technolody Limited, Hong Kong, Cn

Camber Energy, Inc.

Work highlights

  • Represented Hallmark, its CEO, and CFO in a class action suit before the United States District Court for the Northern District of Texas.
  • Representing Chicago Bridge & Iron Company (CB&I), its former CEO, and its former CAO  in In re Chicago Bridge & Iron Company N.V. Securities Litigation, a 10(b) securities class action pending in the Southern District of New York.
  • Representing Yieldstreet, Inc., its CEO, and affiliates in a novel investor putative class action pending in the SDNY (Tecku et al v. Yieldstreet, Inc. et al, No. 1:20-cv-07327-VM).

Baker McKenzie

I work with a lot of lawyers – in my view, none rise to Baker’s level of service, competence and favorable results‘, says a client of the Baker McKenzie who picks out North America securities litigation practice chair Perrie Weiner in Los Angeles as the standout practitioner. Weiner, who currently handling one of the most high-profile SPAC cases in the market, is a seasoned litigator with a stellar track record in shareholder and securities class action litigation. He frequently represents private equity funds, broker-dealers, underwriters, placement agents and issuers in SEC and FINRA enforcement proceedings. Weiner and Edward Totino, also based in LA, who specializes in class actions, complex commercial disputes and securities litigation, recently secured the dismissal of a class action againt investor Mark Groussman, alleging that he and other investors amassed a controlling interest in publicly-traded Riot Blockchain and engaged in manipulative trading to artificially inflate the company’s stock price. LA-based of counsel Ben Turner, who handles both litigation and regulatory enforcement matter,  also plays a pivotal role in the practice.

Practice head(s):

Perrie Weiner

Other key lawyers:

Edward Totino; Ben Turner

Testimonials

‘I work with a lot of lawyers – in my view, none rise to Baker’s level of service, competence and favorable results. Perrie Weiner is the standout partner.’

Key clients

UBS

Momentus

Celsion Corporation

Ladenburg Thalman & Co. Inc.

MDB Capital

GT Biopharma

Cure Pharmaceuticals

Bristol Companies

Dutchess Capital

E*TRADE

Liquid Ventures

Roth Capital

Guitar Center

Work highlights

  • Assisted a significant micro-cap investor, holding USD 240 million shares of EyeCity.com, Inc. on deposit with Canadian brokerage, CIBC.
  • Represented a London-based client as part of a multinational / multijurisdictional effort to attach the assets of a Geneva trust worth hundreds of millions of dollars and to attach rights in a Mexican oil pipeline development project reportedly worth USD 1 billion.
  • Representing Mark Groussman in securing the dismissal of an amended complaint asserting a putative securities class action.

Cadwalader, Wickersham & Taft LLP

At Cadwalader, Wickersham & Taft LLP, the lawyers are praised as ‘extremely smart and always willing to do whatever it takes to provide the highest level of client service‘. Traditionally seen as a key adviser to financial institutions, the firm increasingly acts for corporate issuers, as well as investment banks, hedge funds, private equity houses and regulatory bodies. The firm draws on its specialists in capital markets, finance, derivatives, and financial regulation to handle litigation relating to financial products and services, though it also has deep expertise in sectors such as travel and leisure, real estate and medical devices. Jason Halper in New York leads the practice and clients describe him as ‘ top-notch, a great trial lawyer and always very knowledgeable about the issues that matter to the client‘. He recently acted for a major global financial institution in cases concerning the collapse of Archegos Capital Management, which had entered into total return swaps transactions with a number of banks.

Practice head(s):

Jason Halper

Testimonials

‘Excellent team led by Jason Halper. Extremely smart and always willing to do whatever it takes to provide the highest level of client service.’

‘Jason Halper is top-notch – great trial lawyer and always very knowledgeable about the issues that matter to the client.’

‘They are extremely knowledgeable and commercial minded to get things done.’

‘They engage fully from the beginning and can help analyze complex situations to provide the best possible outcome. Jason Halper is fantastic.’

‘I worked closely with the Head of Litigation and another partner on a white-collar fraud matter. They were both excellent. Understanding the business, risk tolerance, and responsive to our needs.’

‘Jason Halper – very easy to work with. He is responsive and has a good understanding of risk appetite, is responsive, and has strong legal knowledge of the issues.’

Key clients

Corindus Vascular Robotics, Inc.

Endurance U.S. Holding Corp.

Nikola

Kohl’s

Hudson Executive Capital

Major global financial institution

Several major global financial institutions

Janus Henderson Group plc, Janus Index & Calculation Services LLC, and Janus Distributors LLC

Janus Henderson Group plc, Janus Index & Calculation Services LLC (n/k/a Janus Henderson Indices LLC) and Janus Distributors LLC (together, “Janus”)

Ashford Trust

Corindus Vascular Robotics, Inc.

Endurance U.S. Holding Corp.

Nikola

Kohl’s

Hudson Executive Capital

Major global financial institution

Several major global financial institutions

Janus Henderson Group plc, Janus Index & Calculation Services LLC, and Janus Distributors LLC

Janus Henderson Group plc, Janus Index & Calculation Services LLC (n/k/a Janus Henderson Indices LLC) and Janus Distributors LLC (together, “Janus”)

Ashford Trust

Work highlights

  • Represented Corindus Vascular Robotics, Inc. in merger-related litigation.
  • Representing Nikola Motors in connection with civil suits alleging federal securities law violations and breaches of fiduciary duties by directors of Nikola.
  • Represented major global financial institutions in connection with the implosion of Archegos Capital Management.

Clifford Chance

Clifford Chance's ‘highly capable, responsive‘ US litigation and disputes team, which is integrated with the firm’s global practice, includes seven former federal prosecutors and numerous former senior regulators and prosecutors from US regulatory agencies, including the SEC, the New York State Department of Financial Services and the Commodity Futures Trading Commission. Robert Houck in New York leads the practice and is ‘a terrific attorney, with great strategic sense and amazing analytic skills‘, while John Friel is ‘junior partner who is a rising star‘. Both played a key role in the defense of ICBC Standard Bank Plc in class action litigation alleged manipulation of platinum and palladium benchmarks in London, in which they secured the dismissal of all claims.

Practice head(s):

Robert Houck

Other key lawyers:

John Friel

Testimonials

‘Highly capable, responsive, strategic team in New York and DC, with particular strength in securities and white collar.’

‘Rob Houck is a terrific attorney, with great strategic sense and amazing analytic skills. He is particularly strong in white collar and securities. John Friel is junior partner who is a rising star.’

Key clients

Bank of Montreal

Capital Dynamics

ICBC Standard Bank Plc

NatWest Markets

Mike Lynch, founder of Autonomy

Santander Bank

Work highlights

  • Advising the founder of Autonomy in connection with civil litigation and criminal investigations in the UK and US.
  • Representing ICBC Standard Bank plc, a large financial institution, in US class action litigation concerning alleged manipulation of platinum and palladium benchmarks in London.
  • Represented Bank of Montreal in a Louisiana federal court action alleging cartel activity in the syndication of GSE Bonds.

Cohen & Gresser LLP

The white-collar and regulatory litigation team at Cohen & Gresser LLP in New York has ‘great talent, depth and good judgment‘. The firm’s expertise in the financial services sector and its recognized trial expertise stand it in good stead in both domestic and cross-border securities litigation and enforcement proceedings. The firm has ‘very strong practitioners and shows attentiveness to clients‘, while Mark Cohen can litigate with the best of them but first and foremost he is a trial lawyer and that makes him formidable in this space‘. Cohen leads the practice with Lawrence Gresser . Key partner Jonathan Abernethy  represented a former outside director of Aegean Marine Petroleum Network Inc., in a consolidated securities class action seeking damages from an alleged $300m fraud scheme that forced the company into bankruptcy. Gale Dick is also recommended for securities class actions, federal regulatory matters, shareholder derivative cases, municipal securities suits, and investor disputes.

Practice head(s):

Mark Cohen; Lawrence Gresser

Other key lawyers:

Jonathan Abernethy; Gale Dick

Testimonials

‘Great talent, depth, good judgment, the practice is efficient with reasonable rates and good people.’

‘Mark Cohen can litigate with the best of them but first and foremost he is a trial lawyer and that makes him formidable in this space.’

‘Very strong practitioners and attentiveness to clients. Mark Cohen is the one I work wtih the most and he’s excellent.’

Key clients

Goldman Sachs

Fidelity Brokerage Services

Former senior manager of Société Générale

Winged Foot Holdings

Former CEO and CFO of Liberty Health Sciences, a Canadian holding company in the cannabis industry

Former outside director of Aegean Marine Petroleum Network Inc.

CEO of Xerox Corporation

Dentons

Dentons is vastly experienced in defending securities litigation, whether class actions or national and global regulatory investigations and enforcement actions. Among recent examples is a high-profile case for the New York Stock Exchange LLC and the Chicago Stock Exchange, which the firm defended in the “flash boys” high-frequency trading case concerning alleged market manipulation and that US exchanges’ proprietary data feeds enabled the manipulation  of every equities trade in the US markets from 2009 onwards. In New York, head of the global US dispute resolution practice Sandra Hauser and global co-head of financial services Douglas Henkin, who handled the defense of NYSE, lead the practice along with Chicago-based Stephen Senderowitz, co-chair of the global financial markets litigation and regulatory group. Hauser and Senderowitz are currently representing Canadian Imperial Bank of Commerce in a securities fraud and market manipulation suit.

Practice head(s):

Sandra Hauser; Stephen Senderowitz; Douglas Henkin

Key clients

New York Stock Exchange LLC

NYSE Arca, Inc.

Canadian Imperial Bank of Commerce (CIBC)

Chicago Stock Exchange (CHX)

Arrowood Indemnity Company & Arrowood Surplus Lines Insurance Company

Sand Canyon Corporation

Equiti Group

Enstar/Cavello Bay Reinsurance Ltd.

First American Title Insurance Company

electroCore, Inc., its directors and two founding investors

Innocoll Holdings PLC

Terraform Labs

Charles Schwab UK (CSUK)

Work highlights

  • Representing New York Stock Exchange LLC, NYSE Arca, Inc., and CHX in a Section 10(b) market manipulation case against all major US equities exchanges alleging that the exchanges’ provision of proprietary data feeds, colocation services, and “complex” order types allowed what plaintiffs call :high frequency trading” (HFT) firms to manipulate every equities trade in the US markets from 2009 through the present.
  • Representing CIBC in a securities fraud and market manipulation suit in the Southern District of New York, raising claims of spoofing against CIBC and manipulative short-selling against other defendants, under Sections 10(b) and 9(a)(2) of the Exchange Act.
  • Representing Terraform Labs, a Singapore-based blockchain developer and its CEO in a suit against the SEC that accuses the agency of violating its own rules by failing to obtain an SEC order permitting SEC Enforcement to personally serve a party who was represented by counsel, and by publicly serving Mr. Kwon with a subpoena at a cryptocurrency summit.

DLA Piper LLP (US)

DLA Piper LLP (US) has a strong presence in key litigation centres across the US, notably New York, California, and Delaware, and its work spans class actions and other investor litigation asserting claims under the federal securities laws, stockholder derivative litigation, and investigations and enforcement actions by government regulators. The firm is currently acting for a prominent national personal lines insurance company in a putative securities class action pending in the Northern District of Illinois, in which plaintiffs allege that the company misrepresented the reasons for a sudden increase in auto insurance claim frequency between October 2014 and August 2015. John Clarke in New York, who is leading that case, is head of the corporate and securities litigation practice, while James Brogan in Philadelphia leads the litigation and regulatory group. John Hillebrecht and Jeffrey Rotenberg in New York, and Jason Lewis in Dallas also play key roles in the practice.

Practice head(s):

John Clarke; James Brogan

Other key lawyers:

John Hillebrecht; Jason Lewis; Jeffrey Rotenberg; Matt Jacobs; Jessica Heim

Key clients

Prominent national personal lines insurance company

Axogen, Inc.

Hain Celestial Group, Inc.

Bristol-Myers Squibb Company

Abengoa, S.A.

Mavenir, Inc.

GigCapital3, Inc.

Atlas Financial Holdings, Inc.

RCI Hospitality Holding Inc.

Dahn Corporation

Shurwest, LLC

Act II Global Acquisition Corp.

Board Committee, Sterling Bancorp, Inc.

Kadmon Holdings, Inc.

Work highlights

  • Representing BMS in several actions asserting contract and securities claims arising from a series of contingent value rights issued as part of the merger consideration in the company’s merger with Celgene Corporation in 2019.
  • Representing the sponsor of GigCapital3, Inc. and the pre-merger board of directors in an action in the Delaware Court of Chancery asserting that the company’s de-SPAC merger was tainted by structural conflicts of interest.
  • Represented Axogen, Inc. and its senior officers in the dismissal of a fraud action.

Greenberg Traurig, LLP

At Greenberg Traurig LLP, ‘the attorneys are experienced and business-friendly, and they are able to quickly understand complex scenarios and advise accordingly‘, having defended a great volume of securities class actions, derivative lawsuits, SEC investigations and enforcement actions, with a strong record of success. It maintained this record with a 2021 victory for 11 investment banks, among them Goldman Sachs and JPMorgan Securities, in federal and state court class actions concerning the IPO of data storage solutions provide Switch. Bradford D. Kaufmanin West Palm Beach, co-president of the firm, is co-chair of securities litigation, along with William D. Briendelin Westchester County, Tracy Gerber in West Palm Beach, Robert Horowitz in New York and Daniel Tyukody in Los Angeles, who led the Switch case. Horowitz recently acted for a former Brixmor executive in a securities fraud action alleging smoothing of quarterly same property net operating income. The SEC dismissed the civil enforcement action.

Practice head(s):

Brad Kaufman; Bill Briendel; Tracy Gerber; Robert Horowitz; Daniel Tyukody

Testimonials

‘The attorneys are experienced and business friendly. They are able to quickly understand complex scenarios and advise accordingly.’

‘The individuals are responsive and knowledgeable. They take the time to fully understand the issues from all angles and provide advice tailored to the needs of the client.’

Key clients

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

BMO Capital Markets Corp.

Wells Fargo Securities, LLC

Citigroup Global Markets Inc.

Credit Suisse Securities

Jefferies LLC, BTIG, LLC

Raymond James & Associates, Inc.

Stifel, Nicolaus & Company, Inc.

William Blair & Company, L.L.C.

Directors and Officers of Anworth Financial Corp.

Allegiant Travel Company

Paysign, Inc.

Wafra Investment Advisors/Public Institution for Social Security (PIFSS)

KPMG LLP

Helios & Matheson Analytics, Inc. (MoviePass)

Aqua Metals, Inc. and its officers

Walton International Group, Inc.

Compressed Gas & Supply, Inc.

Cullen/Frost Bankers, Inc., Frost Bank, and Frost Investment Advisors

SJL Partners LLC, KCC Corp. and Wonik Holdings Co.

Hallmark Financial Services, Inc.

Barry-Wehmiller Group, Inc.

Work highlights

  • Represented 11 investment banks, led by Goldman Sachs, in defending against two securities class actions filed respectively in federal and state courts in Nevada arising under Section 11 of the 1933 Securities Act.
  • Represented a former Brixmore executive in a settled class action and follow-on optout action and defended him in the criminal indictment and SEC enforcement that were both dismissed.
  • Representing Kuwait’s social security fund (PIFSS) and its investor advisor (Wafra) in connection with its investment in Madoff-affiliated funds and the bankruptcy trustee’s attempt to claw-back $30 million in redemptions PIFSS received prior to the Madoff bankruptcy.

Jones Day

Jones Day‘s securities litigation and SEC enforcement practice ‘has deep knowledge of the practice area and skilled advocates‘, frequently defending companies and their directors and officers against claims under the federal and state securities laws, and in SEC enforcement matters. The firm has a strong nationwide presence through its offices in the Midwest, Southeast, Texas and California, as well as in New York and Washington. Henry Klehm in New York leads the practice, in which Cleveland-based Geoffrey Ritts is recommended for his ‘extremely deep knowledge of the case law and is thorough and persuasive in his manner of presentation‘. He led the defense of Brookdale Senior Living Inc. in a class action alleging fraudulent misstatements about the company’s staffing practices. Atlanta-based Mike McConnell ‘listens to what you need and helps you craft solutions that support the board and executive management groups effectively‘, while John Tang in San Francisco is ‘highly skilled in translating very complex topics into simple-to-understand terms‘.

Practice head(s):

Henry Klehm

Other key lawyers:

John Tang; Geoffrey Ritts; Mike McConnell; Mark Rasmussen

Testimonials

‘John Tang is one of the best attorneys I have had the privilege of working with. He is not only extremely intelligent in terms of legal expertise (both substantive and procedural), but also highly skilled in translating very complex topics into simple-to-understand terms to both non-securities lawyers and non-lawyers. He is also highly responsive and organized.’

‘The Jones Day team has deep knowledge of the practice area; they are skilled advocates, both orally and through written work product.’

‘Geoff Ritts has extremely deep knowledge of the case law and is thorough and persuasive in his manner of presentation. He makes himself available and is great to work with.’

‘Deep knowledge bench; very business-needs focused; very efficient in scheduling meetings and gatherings and avoiding overwork.’

‘Michael McConnell and Mark Rasmussen are outstanding business partners. They listen to what you need and help you craft solutions that support the board and executive management groups effectively.’

Key clients

FirstEnergy

Conagra Brands

United States Steel Corporation

Goodyear Tire & Rubber Co.

Brookdale Senior Living

Diebold Nixdorf Inc.

Southern Company

Celgene Corp.

USG Corp.

Scotts Miracle-Gro Company

Wells Fargo

SuperMicro Computer

Walmart Inc.

Work highlights

  • Represented Conagra Brands, Inc. in obtaining the dismissal of a securities class action alleging fraudulent misstatements about the expected benefits of a merger and a supposed “channel-stuffing” scheme.
  • Representing FirstEnergy in securities class action and shareholder derivative litigation relating to a public-corruption investigation concerning the Ohio legislature.
  • Represented Brookdale Senior Living and its officers in securing the dismissal of a securities class action in which plaintiffs alleged that the company systematically understaffed its facilities and made misstatements about its staffing practices in SEC filings.

Katten

Katten's securities litigation practice frequently defends securities class actions, stockholder derivative suits, M&A litigation, proxy disclosure suits, and SEC investigations and enforcement actions. The firm counts among its lawyers more than a dozen former Assistant US Attorneys and SEC enforcement attorneys and a DOJ Associate Attorney General. Veteran litigator Bruce Vanyo, who works from both Los Angeles and New York, is described by clients as ‘a master in his area of expertise and is soothing in stressful situations‘, and has vast experienced in defending class actions and stockholder derivative litigations alongside other SEC investigations. Key partner Christina Costley in LA is ‘smart, practical and  strategically savvy‘. Vanyo and Costley recently acted for NextCure Inc. in Section 10(b) and Section 11 securities class action alleging that the company misrepresented the potential efficacy of NC318, a potentially revolutionary cancer immunotherapy. Michael Diver in Chicago, a former Enforcement Branch Chief of the SEC's Chicago office, is also highly recommended.

Practice head(s):

Bruce Vanyo

Other key lawyers:

Michael Diver; Christina Costley

Testimonials

‘Bruce Vanyo and Christina Costley from Katten are leading experts in defending securities litigation and Bruce has defended more major securities cases than any other lawyer in America. Of the more than 60 securities class actions Bruce has resolved over the past two decades, he has obtained complete dismissal at or before the pleading stage in more than three-quarters of them.’

‘Bruce Vanyo- Bruce is a master in his area of expertise and is soothing in stressful situations. Christina Costley- Christina is smart, practical and easy to get along with. She is responsive, smart and strategic. Overall, Christina, is strategically savvy, understands business needs and is well versed in the law.’

Key clients

Amarin Corp.

Anaplan, Inc

BMO Capital Markets Corp.

Boingo Wireless, Inc.

BTA Bank JSC

Coupa Software, Inc.

Former officers of Frutarom Ltd.

NextCure Inc.

RedRidge Finance Group, LLC; RedRidge Lender Services, LLC (together, “RedRidge”); Randolph Abrahams

Stamps.com, Inc.

Work highlights

  • Representing NextCure and certain current and former officers in a Section 10(b) and Section 11 securities class action in the U.S. District Court for the Southern District of New York.
  • Representing Stamps.com and certain of its officers and directors in a securities class action pending in the US District Court for the Central District of California.
  • Advising Boingo Wireless, Inc. and all of the members of its Board of Directors on disclosures relating to the proxy filed in connection with its acquisition by Digital Colony and then to defend the ten lawsuits filed in five different jurisdictions challenging those disclosures.

King & Spalding LLP

King & Spalding LLP has ‘an exceptional team of lawyers with deep experience in litigation and regulatory matters‘ known for its dominance in the Southeast and Southwest regularly appearing in shareholder class actions in the Eleventh and Fifth Circuits as well as developing a national practice for the defense of class actions alleging securities fraud. Jessica Corley leads the firm’s trial and global disputes practice from Atlanta, where Warren Pope  is a standout securities litigator. He recently won early stage dismissals for Newell Brands in a securities class action arising out of stock price drops following disappointing financial results, and Triangle Capital Corporation in a securities fraud case arising from its 2017 IPO. Atlanta-based Michael Smith also played a key role in the Triangle case.

Practice head(s):

Jessica Corley

Other key lawyers:

Warren Pope; Michael Smith; Mike Pauze; Richard Marooney

Testimonials

‘Mike Pauze and Rich Marooney lead an exceptional team of lawyers with deep experience representing our industry in litigation and regulatory matters.’

Key clients

Triangle Capital Corporation

SolarWinds Corp.

Newell Brands Inc.

CBL & Associates Properties, Inc.

The Aaron’s Company, Inc., Prog Holdings, Inc., and certain of their officers

Conduent Incorporated

FleetCor Technologies, Inc.

Lexicon Pharmaceutical, Inc.

Acadia Healthcare Company, Inc.

Tivity Health, Inc.

Capital One Financial Corporation

ADTRAN, Inc.

Cardone Capital, LLC

HSBC

Acuity Brands, Inc.

Merit Medical Systems, Inc.

The RealReal, Inc.

Shaun Thaxter

Ernst & Young, Société Anonyme (“EY Luxembourg”)

Ripple Labs

Tractor Supply Company

Work highlights

  • Represented Triangle Capital Corporation in a securities fraud class action in both the district court and the Fourth Circuit.
  • Representing SolarWinds Corporation and its Chief Information Security Officer in a putative class action alleging claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
  • Representing Newell Brands in a securities class action arising out of stock price drops following disappointing financial results and currently defending Newell in other shareholder litigation.

Mayer Brown

Mayer Brown's ‘personal and client-oriented' team is best known for acting for financial institutions, though it is increasingly visible in work for corporate issuers. Joe De Simone in New York and Glenn Vanzura in Los Angeles are the lead partners, praised as 'among the best in the entire world when it comes to handling high-pressure, complex and sensitive legal matters‘. Simone and New York-based Matthew Ingber acted for a residential corporation in a complex securities class action alleging the company made false and misleading statements to shareholders. New York's Richard Spehr, who plays a key role in the firm’s work on RMBS cases, is acting for the Bank of Montreal in cases arising from a $3bn Ponzi scheme in which the client served as the depository bank.

Practice head(s):

Joe De Simone; Glenn Vanzura

Other key lawyers:

Richard Spehr; Matthew Ingber

Testimonials

‘I consider Glenn Vanzura and his team to be among the best in the entire world when it comes to handling high-pressure, complex and sensitive legal matters.’

‘Glenn Vanzura is an absolutely exceptional lawyer. He represented me in a very sensitive and complex partnership dispute matter and managed the litigation so well we were able to win every single matter in arbitration. Ultimately he helped us negotiate a very positive buyout and settlement of the partnership. What makes Glenn stand apart as an attorney is his integrity, ability to see what’s important and what’s not, and capacity to obtain incredible mastery of both matters of law and complicated facts in a case. He is very talented orator and examiner and a tireless advocate.’

‘This team is extremely knowledgeable in the subject matter and has provided us with solid guidance throughout these cases. This team also does a great job in keeping the client informed of case developments and getting the client involved in key decision making. In addition, this team is extremely friendly and a pleasure to work with.’

‘I have really appreciated the personal and client-oriented approach this team has taken on these cases. Each and every one of the attorneys we have worked with in these matters have been so easy to work with, very practical, and very personable which makes doing the work enjoyable.’

Key clients

Bank Leumi

Barclays Bank PLC

Bank of China

Bank of Montreal

Bank of New York Mellon

Canadian Imperial Bank of Commerce

Frontier Communications Corporation

Goldman Sachs

Société Générale

Citibank

Morgan Stanley

UBS

Zillow Group

KushCo Holdings

Stamps.com (Special Committee of the Board of Directors)

Morrison Foerster

Morrison Foerster is home to a group of experienced partners dealing with securities litigation and regulatory enforcement matters. The firm has ‘an extremely knowledgeable and experienced team with a practical and business-oriented mindset‘. Jordan Eth , who is ‘good in the board room’ and Mark Foster in San Francisco lead the practice; together they acted for Pivotal Software Inc. in federal and state securities litigation matters. New York-based partner Jamie Levitt, who is co-chair of the commercial litigation and trial group, settled a class action and derivative suits for Acer Therapeutics Inc. concerning the development of a drug that treats vascular Ehlers-Danlos syndrome. Anna Erickson White in San Francisco is ‘always thinking ahead regarding the best strategy for the litigations‘. New York-based partner Joel Haims is also recommended.

Practice head(s):

Jordan Eth; Mark Foster

Other key lawyers:

Jamie Levitt; Anna Erickson White; Joel Haims; Derek Foran; Ryan Keats; Michael Birnbaum

Testimonials

‘I have worked with Morrison & Foerster for several years on securities litigation matters. They have consistently achieved outstanding results for us.’

‘They have a deep bench of securities litigators in Northern California. A number of partners and associates have worked on our matters over the years and they’ve all been terrific and clearly experts in their field.’

‘Their work product is top-notch. They write excellent and persuasive briefs that require little editing on our end, as just one example. They collaborate with us. They work to understand our goals and culture and make sure the litigation strategy is consistent with them. They are very responsive and always provide timely and practical advice.’

‘The MoFo teams handling our securities litigation are diverse. The lead partner is a women and the teams are usually about 50% women and 50% are people of color.’

‘The lead partner, Anna Erickson White, is great to work with. The quality of her teams’ work-product is outstanding, she and her team are always thinking ahead regarding the best strategy for the litigations, and she brings other experienced, dedicated lawyers to the matters. Not only is she an expert in her field (securities litigation), but she takes a practical and business-minded approach to litigation.’

‘Anna Erickson White and her team work closely with my in-house team to make sure that the litigation strategy is consistent with our business goals. The team is also very responsive and easy to work with. Like a lot of GCs, I have a lot to juggle. I need someone whom I trust to look out for Cloudera’s interests and who can effectively communicate the important issues to me. Anna and her team do just that.’

‘Derek Foran stands out. He provides excellent and strategic litigation advice. Ryan Keats is also outstanding. His work product is stellar, he cares deeply about achieving great results for us, and he is always on top of the various tasks and issues.’

‘Jordan Eth is a strong leader of the team. Good in the board room. Good with complicated fact patterns. A good partner to the client.’

Key clients

Acer Therapeutics Inc.

Amazon.com, Inc.

Array Photonics, Inc.

BlackBerry Limited

Cloudera, Inc.

Education Realty Trust, Inc.

Farmland Partners

Goldman Sachs and Citigroup

Greenlane Holdings

Independent Directors of Hospitality Investors Trust, Inc.

Launch Capital LLC

Monster Beverage Corporation

Oracle Corporation

Pivotal Software Inc.

Precision Castparts Corp.

SoftBank Group Corp. (SBG)

TriLinc Global Impact Fund LLC

Work highlights

  • Representing Precision Castparts Corp. in a securities class action relating to the company’s long-term guidance.
  • Representing Pivotal Software and its executives in federal and state securities litigation. The plaintiffs alleged that Pivotal misled investors about the capabilities of its software products and sales projections as the company transitioned its product offerings.
  • Represented SoftBank Group Corporation in litigation brought by a special committee of WeWork’s Board of Directors and by Adam Neumann alleging that SoftBank Group Corporation improperly failed to complete a $3 billion tender offer for WeWork stock.

Paul Hastings LLP

The national securities litigation practice at Paul Hastings LLP ‘has an incredibly deep expertise across many areas' with a deep bench of litigators on both the East and West Coasts, as well as in key centers such as Houston and Chicago. The New York office in particular is frequently instructed on high-end securities litigation matters such as investment bank and securities fraud cases, market collapse matters and SEC investigations. Peter Stone  in Palo Alto and Kevin Broughel in New York lead the practice. Broughel is currently representing Riot Blockchain, Inc. in a securities class action alleging false and/or misleading statements in press releases and public filings. New York-based global chair of litigation Barry Sher and experienced partner Kevin Logue are also recommended, as are Samuel Cooper in Houston and Edward Han in Palo Alto, who is ‘experienced, skilled and very communicative.'

Practice head(s):

Peter Stone; Kevin Broughel

Other key lawyers:

Barry Sher; Kevin Logue; Samuel Cooper; Edward Han

Testimonials

‘The Paul Hastings practice is unique in that the firm has an incredibly deep expertise across many areas. I came to the practice through the corporate practice and have been extremely satisfied.’

‘Edward Han is experienced, skilled and very communicative. He takes time to explain processes and procedures so that I can make informed decisions.’

Key clients

Goldman Sachs

Barclays

Royal Bank of Canada

Brookfield Investment Management Inc.

Morgan Stanley & Co. LLC

Credit Suisse Securities (USA) LLC

BofA Securities, Inc.

UBS Securities LLC

Baker Hughes

FIM Advisors

Riot Blockchain, Inc.

J.P. Morgan Securities LLC

Enbridge Energy Partners

Jefferies LLC

Phillips 66

DWS (Deutsche Bank affiliate)

Work highlights

  • Representing Barclays Bank PLC and certain of its affiliates (“Barclays”) in In Re SSA Bonds Antitrust Litigation, a putative class action lawsuit filed in the U.S. District Court for the Southern District of New York.
  • Representing RBC in LAMP v. Bank of America, et. al. (Case No. 20-cv-1095) filed on April 1, 2020 in the Eastern District of Louisiana. Plaintiff accuses RBC and two dozen other financial institutions of being involve in a multi-year conspiracy to fix prices and restrain competition on sales of bonds issued by government sponsored entities (GSEs), such as Fannie Mae, Freddie Mac, etc., in the secondary market.
  • Representing Airbus in a putative class action lawsuit against Airbus SE and certain of its current and former executives in the U.S. District Court for the District of New Jersey. Plaintiff asserts claims under U.S. securities laws on behalf of himself and all other similarly-situated shareholders who purchased or acquired Airbus securities in the United States.

Proskauer Rose LLP

Proskauer Rose LLP has a broad practice that handles internal investigations and defends shareholder class actions, derivative suits, ERISA stock-drop actions, SEC investigations and enforcement proceedings, criminal investigations, and issues relating to D&O insurance and indemnification. The firm has a deep bench of litigators in New York, Boston, Los Angeles and Washington DC, but it is in DC that the core of the group resides, with practice head Ann Ashton and standout securities litigator Ralph Ferrara the most prominent practitioners. Ferrara continues to play a key role in representing the Financial Oversight and Management Board of Puerto Rico in cases concerning the largest municipal restructuring in US history, $74bn of bond debt and $55bn of underfunded public pension liabilities. With Ashton, he secured a victory for transportation holding company Yellow Corporation in a securities class action in the Northern District of New York, and derivative actions in the District of Kansas, the District of Delaware, and the Delaware Court of Chancery.

Practice head(s):

Ann Ashton

Other key lawyers:

Ralph Ferrara

Key clients

Financial Oversight and Management Board of Puerto Rico

Davidson Kempner Capital Management LP

Robin Chopra

Several large hedge fund advisers (over $10B AUM)

Bed Bath & Beyond Inc.

Yellow Corporation (fka YRC Worldwide Inc.)

Gigafund Management Company, LLC

Ropes & Gray LLP

Ropes & Gray LLP is highly regarded for its work in state and federal court actions, notably for clients in the asset management and private equity sectors, among them Bain Capital and TPG Capital. It is also a key adviser to bulge bracket banks and other sophisticated investment advisory and financial services clients, including mutual funds, in securities litigation matters, and has a strong presence in cases involving life science companies, as well as acting for large public corporations. David Hennes in New York and Peter Welsh in Boston are the lead partners. Welsh and emerging talent in San Francisco Anne Johnson Palmer recently acted for Forescout Technologies, provides device visibility and control solutions to protect against cyberattacks, in a class action alleging that the company made false and misleading statements about the company’s revenue projections, salesforce, pipeline, and its then-upcoming sale to an affiliate of Advent International. 

Practice head(s):

David Hennes; Peter Welsh

Other key lawyers:

Anne Johnson Palmer

Key clients

Akebia Therapeutics, Inc.

Allianz Global Investors U.S. LLC

Bain Capital and Bain Capital Real Estate, LP

Canada Goose Holdings Inc.

Deutsche Bank AG, DB USA Corp., and 44 current and former directors and officers of Deutsche Bank AG

Eaton Vance Funds

Elliott Investment Management L.P.

Forescout Technologies, Inc.

Former directors of Tesaro, Inc.

National Amusements, Inc.

PJT Partners

ProShares

Surgery Partners, Inc.

TPG Capital

Numerous Underwriter Defendants, including but not limited to: Morgan Stanley, Deutsche Bank, Credit Suisse, Cowen and Company, LLC

Work highlights

  • Represented ProShares, one of the world’s largest sponsors of leveraged and inverse exchange-traded funds, in a securities class action, which was affirmed by the U.S. Court of Appeals for the Second Circuit.
  • Represented Forescout Technologies in securing a full dismissal of all claims against the client in a securities class action in the U.S. District Court for the Northern District of California.
  • Representing individuals and entities affiliated with National Amusements, Inc. in parallel actions in the Delaware Court of Chancery brought by former stockholders of Viacom and CBS in connection with the multi-billion dollar merger of Viacom and CBS into the combined entity ViacomCBS in 2019.

Vinson & Elkins LLP

Vinson & Elkins LLP represents issuers, underwriters, accounting firms, financial institutions, and directors and officers in securities fraud class actions and other claims associated with stock-price declines, financial restatements, whistle-blower complaints, short-swing and insider trading allegations. It also has a strong track record in SEC, FINRA and DOJ investigations and enforcement actions. Michael Holmes in Dallas and Michael Charlson in San Francisco lead the practice. Holmes and fellow Dallas-based partner Craig Zieminski recently advised Plains All American Pipeline, L.P. on securities and derivative litigation arising from a highly publicized pipeline leak near Refugio State Beach, along the California coast. John Wander in Dallas and Clifford Thau in New York have general commercial litigation practices with a strong focus on securities litigation and regulatory and internal investigations.

Practice head(s):

Michael Holmes; Michael Charlson

Other key lawyers:

Clifford Thau; John Wander; Lawrence Elbaum; Craig Zeminski

Testimonials

‘We use V&E for internal investigation work. Their greatest strength, by far, is their experience in these matters. This provides a great level of comfort in dealing with very uncomfortable issues.’

‘We deal most closely with Michael Charlson. Always available for us, and are able to distill very complex information into a summary we can digest. He guides us to decisions, but is open to feedback to think of different approaches. If I had “bet the company” investigations, I would use this team over any other firm.’

‘When the wine glass spills, my first call is Lawrence Elbaum. His calm, analytical demeanor coupled with astute business acumen disguised as an attorney makes him my preferred business confidant. Ironically, our relationship commenced as adversaries during a proxy fight 6 years ago but we developed so much respect for each other in battle, it was an easy decision to combine forces.’

‘After 25 years in private equity, I have worked with countless senior partners at top-tier law firms, but I have only developed one strategic, go-to, legal relationship. That relationship is with Lawrence Elbaum, Co-Head of Vinson & Elkins’ shareholder activism practice.  Lawrence’s business judgment and deal-making prowess allow him to balance legal requirements with commercial objectives.’

‘With Lawrence Elbaum, there is no start or stop time, he is constantly accessible. There is no ego or drama working with other lawyers, either at his firm or competitive law firms. He humbly refers less familiar issues. Uniquely, Lawrence doesn’t take advantage of client challenges but rather keeps in mind his clients’ long-term objectives and establishes and maintains fair billing and fee structures. As such, Lawrence has built V&E’s industry-leading activist practice. True to form, the practice has only thrived under Lawrence’s leadership.’

Key clients

Energy Transfer Equity, LP (ETE) and related entities

Regency Energy Partners, LP and related entities

Plains All American Pipeline, L.P.

The Coca-Cola Company

SBLI USA Life Insurance Company, Inc.

Applied Optoelectronics, Inc.

Jeff Hastings

comScore, Inc.

Genius Brands International, Inc.

First United Corporation

Synalloy Corporation

Work highlights

  • Representing Plains and its officers/directors in securities and derivative litigation arising from a highly publicized pipeline leak near Refugio State Beach, along the California coast.
  • Representing Genius Brands International, Inc. and its CEO in putative securities class action and derivative litigation in the U.S. District Court for the Central District of California.
  • Representing Regency Energy Partners in securing the rejection of a $1.6 billion damages claim in class action litigation challenging the $18 billion merger between Regency Energy Partners and Energy Transfer Partners.

Winston & Strawn LLP

Winston & Strawn LLP is ‘highly skilled in securities litigation, with strong brief writing and client counselling skills', best known for representing companies in parallel or civil proceedings following governmental investigations, qui tam lawsuits, and other corporate trauma matters in heavily regulated sectors such as healthcare and financial services. It also has a strong track record in challenging to class certification in securities class actions, which is historically a challenging process. James Smith leads the securities litigation practice and ‘instills confidence – he can be put before senior management and board with confidence they will be impressed‘. Key partner Matthew DiRisio provides ‘accurate, practical advice delivered in a timely, efficient manner‘. Smith is currently representing global medical technology company Becton, Dickinson and Company in a securities fraud class action alleging that the company made material misrepresentations and omissions surrounding the regulatory status of its Alaris infusion pump.

Practice head(s):

James Smith

Other key lawyers:

Matthew DiRisio

Testimonials

‘Highly skilled in securities litigation; strong brief writing and client counselling skills.’

‘Jim Smith instills confidence; can be put before senior management and Board with confidence they will be impressed.’

‘The W&S team is exceptionally responsive and knowledgeable. They have a full suite of resources and always provide prompt, professional advice.’

‘Matt Dirisio has provided much needed professional support for the company in both securities law and insurance coverage matters. We are very happy to partner with Winston & Strawn’s securities team, and we know we will always receive accurate, practical advice delivered in a timely, efficient manner.’

 

Key clients

Alta Mesa Resources

Becton, Dickinson and Company

Holicity Inc.

Howard B. Schiller, former CFO of Valeant Pharmaceuticals International, Inc.

Jernigan Capital, Inc. n/k/a NexPoint Storage

Macquarie Infrastructure Corporation (MIC)

Medtronic, PLC

OneSpan, Inc.

Semiconductor Manufacturing International Corp. (SMIC)

TreeHouse Foods, Inc.

Work highlights

  • Represented Becton Dickinson, a leading medical device company at the forefront of the COVID-19 response, in a securities case alleging over $9B in lost market capitalization following announcement of a recall of a flagship product
  • Represented Macquarie Infrastructure Corporation and several of its current and former officers and directors, in securing a pleadings-stage dismissal of all claims in a federal securities fraud class action in the Southern District of New York.

Akin Gump Strauss Hauer & Feld LLP

Akin Gump Strauss Hauer & Feld LLP is highly regarded for representing leading financial institutions and public companies, including private investment funds, broker dealers, and public accounting firms, in private litigation arising under the federal securities and commodities laws, as well as related investigations and enforcement proceedings. The firm’s securities litigators regularly collaborate with its market-leading hedge fund and private equity fund advisory practice to handle cutting-edge litigation issues, such as short-swing trading claims for investment funds. Practice head Stephen M. Baldini in New York led the defense of a special committee of Eastman Kodak directors in investigations related to trading and stock options grants in advance of a public news announcement that the company had entered into a letter of interest concerning a loan from the United States Development Finance Corporation (DFC). M. Scott Barnard and Michelle Reed in Dallas also play key roles in the practice. In New York, the team gained emerging partner talent Uri Itkin from Kasowitz Benson Torres LLP in May 2022.

Practice head(s):

Stephen Baldini

Other key lawyers:

Scott Barnard; Michelle Reed

Key clients

Eastman Kodak Company

Talos Energy, Inc.

Martha Carnes And John W. Somerhalder II (ongoing)

MFA

Arthur Hayes

Cyrus Capital Partners

Jeffrey Smith, the CEO of Starboard Value LP

Kennedy Lewis Investment Management LP

Domenic J. Dell’Osso, Jr. and Bryan J. Lemmerman

Cimarex Energy Co. / Resolute Energy Corp.

Centerbridge Partners, L.P.

Diamondback Energy, Inc.

Conflicts Committee of Regency Energy

Tandy Leather Factory

Fred’s Inc.

The Energy & Minerals Group

Brenda R. Schroer

Work highlights

  • Represented the Special Committee of Eastman Kodak Company’s board of directors in connection with investigations related to trading and stock options grants in advance of a public news announcement that the company had entered into a letter of interest concerning a loan from the United States Development Finance Corporation (DFC).
  • Representing Talos Energy Inc. and its board of directors in connection with a stockholder derivative and class action complaint filed on May 29, 2020, in the Delaware Court of Chancery.
  • Representing directors in a putative securities class action in connection with SunCoke Energy Partners, L.P.’s (SXCP) merger with SunCoke Energy, Inc. (SXC). SXC and its sponsored master limited partnership subsidiary, SXCP, supply high-quality coke for the blast furnace production of steel under long-term, take-or-pay contracts that pass through commodity and certain operating costs to customers.

BakerHostetler

Baker & Hostetler LLP has a busy practice representing public and private companies and individual executives in matters ranging from high-profile securities class actions to major governmental investigations, with extensive expertise in complex and often cutting-edge regulatory matters. Among its lawyers are former trial attorneys and senior counsel at the SEC and the DOJ, which gives the firm in-depth understanding of regulatory investigations. The white-collar and securities governance practice acts for clients in a diverse range of industry sectors, among them healthcare, energy, and financial services. John Carney and George A. Stamboulidis in New York lead the practice, along with Cleveland-based Steven M. Dettelbach . Carney acted for the receiver of Michael Kenwood Capital Management, a group of offshore hedge funds and related entities that pled guilty to multiple counts of securities and wire fraud, in a case that will test the ability of US courts to repatriate stolen assets from foreign jurisdictions.

Practice head(s):

John Carney; Steven Dettelbach; George A. Stamboulidis

Key clients

Congressman Christopher Collins

Receiver of Michael Kenwood Group

Counsel to receiver in SEC v. Qin receivership

David Pruitt, CPA, former vice president of finance at the Army Sustainment Division subsidiary of L3 Technologies, Inc.

Priyanka Singh

Sridhar Thiruvengadam

Liquid Realty General Partners, LLC; SLRA Inc., Scott Landress

Lordstown Motors Corp.

Charles Jones, former CEO of FirstEnergy

Fenwick & West LLP

The San Francisco office of Fenwick & West LLP has a stellar client base, particularly in the technology sector, and counts Cisco Systems, Fitbit, Inc. and GoPro among its clients. The firm recently secured a significant victory for Tesla, CEO Elon Musk and Tesla’s former CFO in a case before the Ninth Circuit concerning disclosures around the launch and production of the company’s Model 3 vehicle, led by Dean Kristy and Jennifer Bretan. Kristy leads the practice with Felix Lee, who also chairs the firm’s diversity and inclusion committee. Lee and Catherine Kevane recently acted for SnapRoute in derivative and direct claims brought by a former founder who was terminated following an internal investigation, who alleged breach of fiduciary duty, abuse of control, waste, fraud and other claims in the California Superior Court.

Practice head(s):

Dean Kristy; Felix Lee

Other key lawyers:

Catherine Kevane; Jennifer Bretan

Key clients

Cisco Systems

Fitbit, Inc.

Fortis Advisors

GoPro

Joseph Jackson, former CEO of WageWorks, Inc

Smartsheet Inc.

SnapRoute

Steemit, Inc.

Tesla Inc., Elon Musk, and Deepak Ahuja

TRON Foundation

Work highlights

  • Represented Tesla, CEO Elon Musk and Tesla’s former CFO in a case regarding disclosures around the launch and production of the company’s Model 3 vehicle.
  • Obtained dismissal of a stockholder derivative suit brought against certain current and former officers and directors of GoPro, Inc. in The Delaware Court of Chancery.
  • Represented Fitbit and its former CEO and CFO, which had accused the company of misrepresentations related to its business in connection with new product introductions in late 2016.

Hughes Hubbard & Reed LLP

The securities litigation practice at Hughes Hubbard & Reed LLP has ‘deep subject matter expertise and an ability to analyze quickly and give practical, user-friendly advice, and offers a successful record in representing corporations, directors and officers, and broker-dealers in securities class actions, shareholder derivative litigation, investigations, criminal prosecutions, and administrative proceedings. It is particularly well known for its knowledge of the accounting sector, having advised leading accounting firms on litigation and investigation by the SEC, PCAOB and state accountancy boards. Kevin Abikoff in Washington DC and New York-based partners William Maguire , who exhibits a ‘measured and practical approach to nuanced issues and a deep understanding of the commercial realities', and Marc Weinstein lead the practice.

Practice head(s):

Kevin Abikoff; William Maguire; Marc Weinstein

Testimonials

‘Experts; very proactive; strategic.’

‘Bill Maguire is top-notch. Deeply experienced, excellent judgment, measured and practical approach to nuanced issues and a deep understanding of the commercial realities our business navigates.’

‘Deep subject matter expertise and ability to analyze quickly and give practical, user-friendly advice.’

Key clients

Vice Chairman of Cantor Fitzgerald

Former Nikola CEO

ProPetro Holding Corp.

ProPetro Holding Corp.

Deloitte & Touche LLP

Sellas Life Sciences Group, Inc.

Pioneer Natural Resources Company

Deloitte Touche Tomatsu LLP

Securities Industry and Financial Markets Association

Work highlights

  • Representing the Vice Chairman of Cantor Fitzgerald in a securities fraud class-action civil suit accusing two cryptocurrency mining companies, GAW Miners and ZenMiner, and their founder, Josh Garza, of defrauding customers and investors in a Ponzi scheme.
  • Representing the former CEO of Nikola in parallel DOJ and SEC actions alleging wire fraud and securities fraud related to the startup truck maker.
  • Representation of Sellas Life Sciences Group, Inc. and its officers and directors in a securities class action and related derivative shareholder litigation relating to the marketing of a fentanyl-based pain medication.

Kaplan Hecker & Fink LLP

Kaplan Hecker & Fink LLP in New York is a boutique litigation firm that is highly skilled in SEC enforcement matters and is also involved in prominent securities litigation cases. Sean Hecker leads the practice and is currently representing Stefan He Qin, the founder of cryptocurrency hedge fund manager Virgil Capital, in a securities fraud case and a parallel SEC enforcement action. Key litigators Roberta Kaplan and John Quinn are representing Natixis S.A. in a residential mortgage-backed security repurchase lawsuit brought by a separate securities administrator on behalf of investors in the transaction. Former Principal Deputy Assistant Attorney General & Chief of Staff at the DOJ’s Criminal Division, Marshall Miller, also handles high-stakes securities litigation.

Practice head(s):

Sean Hecker

Other key lawyers:

Roberta Kaplan; John Quinn; Marshall Miller

Key clients

Stefan He Qin

Natixis S.A.

John Patrick Gorman III

Work highlights

  • Representing Stefan He Qin, the 24-year-old founder of a pair of cryptocurrency hedge funds managing over $100 million, who pled guilty in February 2021 to one count of securities fraud.
  • Representing Natixis S.A. in a residential mortgage-backed security (RMBS) “repurchase” lawsuit brought by a separate securities administrator on behalf of investors in the relevant transaction.
  • Representing John Patrick Gorman III, who was sued by the Commodity Futures Trading Commission for allegedly manipulating the prices of U.S. dollar interest-rate swap spreads while working as the head of non-yen rate trading for Nomura.

Kasowitz Benson Torres LLP

Kasowitz Benson Torres LLP handles bet-the-company securities litigation on both defense and plaintiff side, acting for major corporations and financial institutions, and their directors and officers. Among its prominent clients is the world’s largest generic drug manufacturer Teva Pharmaceuticals, for which the firm is defending one of the largest securities class actions currently pending as well as the more than 20 related direct actions, filed on behalf of more than 75 opt-out plaintiffs. Sheron Korpus, who led the Teva case, Michael Hanin and Stephen Tountas lead the practice from New York. Emerging partner talent Uri Itkin left the firm in May 2022.

Practice head(s):

Sheron Korpus; Michael Hanin; Stephen Tountas

Work highlights

  • Representing Teva Pharmaceuticals and its individual directors and officers in defense of one of the largest securities class actions currently pending as well as the more than 20 related direct actions, filed on behalf of more than 75 opt-out plaintiffs.
  • Representing Prem Parameswaran, the former CFO of Eros Int’l, in a putative securities class action arising from a series of alleged misrepresentations regarding: (i) Eros’s financial condition; (ii) the accuracy of its public financial statements; (iii) and the integrity of its accounting practices.  Plaintiffs allege claims against our client arising under Sections 10(b) and 20(a) of the Securities Exchange Act.
  • Representing HBK Capital Management, a leading investment manager in the structured credit space, as a respondent in a trust instruction proceeding recently commenced by Wells Fargo Bank, as trustee of 23 residential mortgage-backed securities (RMBS) trusts, arising out of the $4.5 billion settlement struck by Wells Fargo and other trustees with JPMorgan in connection with billions of dollars in losses stemming from hundreds of RMBS trusts due to JPMorgan’s violations of representations and warranties concerning the underlying mortgage loans.

Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP‘s New York office has ‘‘practical, smart, efficient, responsive‘ lawyers who handle securities class action defense and derivative litigation on behalf of corporate issuers and their officers and directors, as well as underwriters, in cases arising from alleged misstatements in public offerings. The firm is also a leading adviser to accountants accused of securities law violations and accounting malpractice. Its defense work benefits from the unique insight of John Coffey, who has previously worked on the plaintiff side. He recently advised Veon Ltd. in a securities fraud class action concerning allegations that former officers participated in a conspiracy to bribe a government official in Uzbekistan between 2006 and 2012. Gary Naftalis and Barry Berke lead the litigation group.

Practice head(s):

Gary Naftalis; Barry Berke

Other key lawyers:

John Coffey

Testimonials

‘Practical, smart, efficient, responsive.’

Key clients

Enzo Biochem, Inc.

Town of Ramapo

RCS Creditor Trust

Veon Ltd.

Five former Fusion Telecom directors

Special Litigation Committee of the Board of Directors of Oracle Corporation

Deloitte LLP (UK)

Work highlights

  • Represented Enzo in defense of a claim by an activist investor that the board was seeking to entrench itself through the scheduling of its 2021 annual shareholders meeting and rules for the nomination of directors.
  • Representing the Town of Ramapo in connection with a lawsuit by the SEC in the U.S. District Court for the Southern District of New York.
  • Representing Deloitte Italy in defense of RICO, fraud and other claims in the U.S. District Court for the Western District of Pennsylvania.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has a record of success in high stakes securities fraud class actions, derivative suits, and investigations by the SEC and other regulatory agencies. The firm’s national practice operates from Boston, New York and San Diego, which enables it to be involved high-profile matters in federal and state courts across the US, where it frequently acts for life sciences, pharmaceuticals, retail, insurance and financial services companies. Jack Sylvia and Adam Sisitsky in Boston are co-chairs of securities litigation. Sylvia recently acted for vehicle electrification solutions provider XL Fleet in a securities class action arising from the company’s $1bn SPAC merger with Pivotal Investment Corp. Douglas Baumstein in New York, who leads the firm’s working group on SEC guidance on ESG disclosures, represented Advance Auto Parts in a class action alleging that the company  inflated fiscal year 2017 guidance in public statements. Since joining from Katten in mid-2021, Jason Vigna has become a key part of the practice.

Practice head(s):

Jack Sylvia; Adam Sisitsky

Other key lawyers:

Douglas Baumstein; Jason Vigna

Key clients

Advance Auto Parts

PriceSmart Inc.

Talos Energy

The Fresh Market

Sungjin Cho

DBV Technologies

XL Fleet Inc.

Aclaris Therapeutics

Keryx Biopharmaceuticals

Eric Pulier (Individual)

XpresSpa Inc.

AVX Corporation

Chemtov Mortgage Group

Myriad Genetics

Teligent

Akcea Therapeutics

BTA Bank

OvaScience

Sztrom Wealth Management LLC (and principals)

Kingston Diversified Holdings

Ostendo Technologies

Work highlights

  • Represented Talos Energy, a portfolio company of Apollo Asset Management, in derivative claims alleging claims of breach of duty of care, good faith and loyalty related to an acquisition of oil producing assets.
  • Representing XL Fleet, a leader in vehicle electrification solutions for commercial and municipal fleets, in a securities class action case, alleging misleading statements and financial projections in connection with the company’s $1 billion SPAC merger in October 2020 with Pivotal Investment Corp. II.
  • Represented Ostendo Technologies, a California based company that develops cutting-edge display technologies for IT devices, in an investment fraud case alleging various counts of intent to defraud, elder abuse and seeking to recoup an eight figure investment.

Morvillo Abramowitz Grand Iason & Anello P.C.

At Morvillo Abramowitz Grand Iason & Anello P.C. in New York, ‘the partners are exceptional in terms of their ability to advocate for and counsel their clients‘, focusing primarily on advising companies and individuals on complex white collar and regulatory matters and complex business disputes, in which securities enforcement matters figure prominently. It defends banks, mortgage lenders and brokers, consumer finance companies and other financial institutions in state and federal courts and in arbitration, as well as before governmental agencies. Clients pick out Robert Anello as ‘an outstanding lawyer who possesses impeccable judgement and is highly ethical and very client-focused‘. Along with Edward Spiro he advised the founder and CEO of a public company in approximately 20 class action and derivative suits relating to allegations of stock manipulation. Key partner Elkan Abramowitz is also recommended for both civil and criminal matters.

Other key lawyers:

Elkan Abramowitz; Robert Anello; Edward Spiro

Testimonials

‘The partners are exceptional in terms of their ability to advocate for and counsel their clients.’

‘Robert Anello is an outstanding lawyer who possesses impeccable judgement and is a skilled attorney. He is highly ethical and very client focused.’

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP frequently handles large securities class actions, and related derivative litigations and ERISA cases, as well as matters under the Investment Advisers Act and the Investment Company Act. It is a key adviser to hedge funds and private equity houses, and it is highly regarded for its work on ‘short-swing’ securities cases under Section 16(b) of the Securities Exchange Act, as well as blockchain and cryptocurrency disputes. Michael Swartz and Gayle Klein in New York, along with Peter White in Washington DC, lead the litigation group, which has a strong track record of success at every stage of securities litigation. White and fellow DC-based attorney Charles Clark represented overseas hedge fund Murchinson Ltd in a long-running SEC investigation concerning trading in the convertible securities of three Greek shipping companies.

Practice head(s):

Michael Swartz; Gayle Klein; Peter White

Other key lawyers:

Charles Clark

Key clients

Murchinson Ltd.

Albertsons Companies Inc.

Engine No. 1 LLC

Eric Bischoff

Immunomedics, Inc.

Nover Ventures LLC

Saba Capital Management

Starboard Value

The Children’s Investment Master Fund

Pantera Capital Management

Seyfarth Shaw LLP

Seyfarth Shaw LLP ‘knows when to be aggressive and when to capitalize on a favorable resolution; they are true business partners and true collaborators‘. The firm has extensive experience in successfully defending companies, board committees, individual directors and officers, and financial institutions in high-stakes cases, including shareholder litigation, derivative claims, breach of fiduciary duty matters, and regulatory investigations. William Prickett in Boston and, in New York, Gregory Markel and Vincent Sama are practice group co-chairs. Markel, who has ‘deep knowledge and expertise in governance and securities litigation‘, is currently representing individual directors and officers affiliated with a bankrupt e-commerce company in two related 10b-5 and state law securities actions alleging misrepresentations and omissions concerning the prospects for the company.

Practice head(s):

William Prickett; Gregory Markel; Vincent Sama

Testimonials

‘The Seyfarth team knows when to be aggressive and when to capitalize on a favorable resolution; they are true business partners and willing to discuss alternative billing arrangements; they are true collaborators.’

‘Greg Markel has deep knowledge and expertise in governance and securities litigation. I always talk to him if there is anything I need in those areas as he can be trusted to give his unvarnished opinion and has worked on many cases in the area and is up on the legal precedents.’

Key clients

D&O’s of high tech start-up

AAC Holdings, Inc.

Assurance, Inc. (“Assurance”), which was purchased by Prudential, Inc. in 2019

Former controller of Hertz

Prudential Financial, Inc. and Eric Schwimmer

Special Committee of Board of Large United States Bank

Spherion Corporation

Wanu Water, Inc.

Expert witness on securities law and litigation

Work highlights

  • Advising a Special Committee of the Board of a large financial institution, on the investigation of numerous issues involving alleged misconduct by employees of the institution in the United States and abroad, including the United Kingdom and Canada and defending a related derivative lawsuit in Massachusetts State Court.
  • Representing Assurance, Inc., which was purchased by Prudential, Inc. in 2019, in a civil RICO class action in the Southern District of Florida.
  • Representing Spherion Corporation (Randstad US Corporation) in a bench trial tried remotely in November 2020 over five days by agreement of the parties.

White & Case LLP

The New York office at White & Case LLP has a large commercial litigation practice in which key partners handle securities cases as part of their broader portfolio of work. In securities matters, the firm has strong local and cross-border capabilities, and it frequently defends US and non-US companies and their management in US securities litigation and government civil or criminal enforcement actions, including matters before the DOJ and SEC. Its lawyers have in-depth knowledge of litigation under the 1933 and 1934 Securities Acts, including shareholder class action lawsuits, shareholder derivative suits, and the Investment Company Act and the Investment Advisory Act. Practice head Glenn Kurtz and key partner Kim Havlin (Haviv) are currently representing Tufin Software Technologies in Section 11 claims in New York state court and in federal court in California in which plaintiffs alleges that the company made misrepresentations relating to its 2019 IPO.

Practice head(s):

Glenn Kurtz

Other key lawyers:

Kim Havlin (Haviv)

Key clients

Toshiba

Tufin Software Technologies

Certain officers and directors of Nefin Acquisition Corp.

Transocean

Frank Kneuttel

Work highlights

  • Representing Netfin/Triterras in SPAC Litigation involving allegations of misrepresentations connected with Netfin’s acquisition of Triterras Fintech Pte. Ltd., and including claims under Section 11 and 12(a)(2) of the Securities Act and Section 10 of the Securities Exchange Act.
  • Representing Israeli software company Tufin Software Technologies in Securities Fraud Litigation in the Southern District of New York. Defending claims involving allegations of misrepresentations connected with Tufin’s April 2019 IPO.
  • Representing Toshiba in long running securities class action in California alleging $2.6 billion accounting fraud. The firm is defending a long-running securities fraud suit in the Central District of California.

Ballard Spahr LLP

Ballard Spahr LLP in Philadelphia is well versed in the nuances of securities and corporate governance litigation, and frequently acts for companies and their officers and directors in derivative actions, regulatory or internal investigation, special committee representations and shareholder class actions. The firm recently acted for Wrap Technologies in a 10b5 and derivative lawsuit arising from an alleged lack of disclosure, which raised issues regarding causation and previous disclosure in public for a public filing. David Axelrod leads the securities enforcement and corporate governance litigation practice. Norman Goldberger, who leads the municipal securities regulation and enforcement team, also plays a pivotal role in the firm’s major cases. Partner John Grugan ‘consistently exercises outstanding judgment, and is fluent on the law in this area‘.

Practice head(s):

David Axelrod

Other key lawyers:

Norman Goldberger; John Grugan

Testimonials

‘John Grugan’s leadership is the reason for this firm’s success.’

‘John Grugan is one of the nation’s finest securities litigation – defense attorneys in the country. He consistently exercises outstanding judgment, and is fluent on the law in this area.’

Key clients

Nasdaq

James Pearson

The New York Times and James Bennet

Conduent Incorporated

Wrap Technologies

Nasdaq

James Pearson

The New York Times and James Bennet

Conduent Incorporated

Wrap Technologies

Bracewell LLP

Bracewell LLP frequently handles challenging, high-stakes securities matters, including shareholder derivative suits and regulatory enforcement actions, on behalf of public and private companies, underwriters, boards of directors and individual executives and officers. Tony Visage in Houston leads the practice, which represents handles lawsuits filed in federal and state courts throughout the US and before governmental agencies. Stephen Benesh in Austin recently acted as lead trial counsel for the Bank of New York Mellon and certain of its trusts and trustees in connection with securities class action cases brought against the Bank or trusts managed by the bank. Bradley Benoit in Houston also plays a central role in the practice.

Practice head(s):

Tony Visage

Other key lawyers:

Bradley Benoit; Stephen Benesh

Key clients

Pilot Water Solutions LLC

Southern Copper Corporation

The Bank of New York Mellon Trust Company, N.A.

The Bank of New York Mellon and certain of its trusts and trustees

Gates Capital Management

Work highlights

  • Represented Pilot Water Solutions LLC (PWS) – a subsidiary of the Pilot Travel Centers LLC – in a suit by a minority interest holder to enjoin a significant transaction from closing.
  • Representing Southern Copper Corporation in a derivative lawsuit in the Delaware Court of Chancery relating to certain construction contracts, contracts for the purchase and sale of minerals, and transportation contracts entered into between Southern Copper’s subsidiaries and subsidiaries of Grupo México.
  • Representing Bank of New York Mellon and certain of its trusts and trustees in connection with securities class action cases brought against the Bank or trusts managed by the bank.

Jenner & Block LLP

Jenner & Block LLP has a 'spectacularly experienced' and diverse securities litigation practice on both plaintiff and defense side, as well as a robust regulatory enforcement practice. The firm defends private securities claims, representing public and private companies, officers and directors in class actions, derivative shareholder litigation, and tender offer litigation, and handles parallel criminal and SEC investigations, state regulatory investigations and private litigation. Stephen Ascher in New York and Howard Suskin in Chicago, who is ‘is fantastically strategic and consummately unflappable during high-stress times‘, are the standout practitioners. They acted for Aurora Cannabis in two shareholder class actions concerning allegations that the company misrepresented its sales strength without disclosing that sales were decreasing.

Practice head(s):

Stephen Ascher; Howard Suskin

Testimonials

‘The team is spectacularly experienced, with impressive insights, knowledge and connections.’

‘Howard Suskin in particular is fantastically strategic and consummately unflappable during high-stress times.’

Key clients

Aerojet Rocketdyne

American Express

Aurora Cannabis

Bank of Marin

Cboe

Cresco Labs, Inc.

Curaleaf Holdings Inc.

D.E. Shaw & Co., L.P.

Equus Total Return

Flagstar Bank

General Dynamics

Golden Star Resources

Hertz Global Holdings

Innerworkings

Kraft Heinz

Lannett Corp.

Morningstar

National Futures Association

Uber Technologies

United Airlines

Work highlights

  • Represented Bank of Marin in five shareholder lawsuits in California federal court, arising from its acquisition of another California bank, American River Bankshares. Obtained dismissals of each of the cases and enabled the transaction to proceed as scheduled, overcoming plaintiffs’ attempts to enjoin the transaction.
  • Represented Aerojet Rocketdyne Holdings, Inc in nine shareholder lawsuits seeking to enjoin the client’s acquisition by Lockheed Martin Corporation in an all-cash transaction with a total equity value of $5.0 billion.
  • Representing Aurora Cannabis, one of Canada’s largest licensed cannabis producer, its officers and directors in two separate putative shareholder class action cases in New Jersey federal court. Wilson v. Aurora Cannabis, No. 2:19-CV-20588 (D.N.J.) and Lawless v. Aurora Cannabis, 1:20-cv-13819-RMB-SAK (D.N.J). The cases are part of a wave of shareholder lawsuits lodged against companies in the cannabis industry.

McGuireWoods LLP

In 2021, McGuireWoods LLP had a strong series of successes for clients in industries including financial services, bio pharma, and software cloud communications. In the financial services sector, the firm draws on its combined expertise in broker-dealer, restructuring, finance and white-collar practices in New York. Todd Steggerda in Washington DC leads the government investigations and white-collar litigation practice, while Cheryl Haas in Atlanta is chair of financial services litigation. Robert Muckenfuss in Charlotte leads on complex commercial litigation and Jonathan Blank in Charlottesville is chair of the business and securities litigation group. Key partner Louis Greenstein in DC acted for Cherry Bekaert LLP in a putative class action in Georgia.

Practice head(s):

Todd Steggerda; Cheryl Haas; Robert Muckenfuss; Jonathan Blank

Other key lawyers:

Louis Greenstein

Key clients

Cherry Bekaert LLP

Seward & Kissel LLP

Seward & Kissel LLP in New York has long-standing expertise in class actions and securities matters related to hedge funds and other investment managers, foreign and domestic public companies, investment banks and broker-dealers. Michael G Considine and Bruce G Paulsen are the lead practitioners in a team that handles not only 10b5 class actions and shareholder lawsuits, but also represents its clients before regulatory bodies including the SEC, FINRA and the CFTC. In 2021, the firm handled investor claims against banks and hedge funds, disputes between investment managers and their members and employees, and significant derivative claims brought against publicly held shipping companies. Key partner Jack Yoskowitz is representing Sancus Capital in a case alleging that defendants diverted funds held in a trust account for Great Western.

Other key lawyers:

Jack Yoskowitz

Key clients

United Overseas Bank, Ltd.

Sancus Capital Credit Master Fund, Ltd., f/k/a Sancus Capital Blue Credit Opportunities Fund, Ltd.

Tocqueville Asset Management

Fairholme Capital Management, L.L.C., Fairholme Funds, Inc., and Bruce Berkowitz

CG Blockchain, Inc and BCT, Inc.

Jacob Mercer

Work highlights

  • Represented United Overseas Bank in a putative class action in the S.D.N.Y. captioned Frontpoint Asian Event Driven Fund, L.P. v. Citibank, N.A., (16-cv-5263) involving the alleged manipulation of SIBOR (Singapore Interbank Offered Rate) and SOR (Singapore Swap Offer Rate).
  • Advised Tocqueville Asset Management in connection with books and records requests by minority investor founder and subsequent lawsuit seeking over $100 million in alleged damages to his investment.
  • Represented investment fund in defending against claims brought by insurance company for alleged diversion of trust funds.

Stradling Yocca Carlson & Rauth

The Newport Beach office of Stradling Yocca Carlson & Rauth is home to specialists in securities litigation, notably for clients in the life sciences sector. The firm also acts frequently for private equity houses in securities and M&A litigation, as well as handling cases arising from bond transactions for municipalities and school districts throughout California. It also has a growing cryptocurrency and blockchain SEC practice, and it recently represented the CMO of a logistics company utilizing the blockchain and offering tokens. Jason De Bretteville, Kathleen Marcus and Marc Schneider lead the practice. All three recently acted for the Frost Management Company in a SEC litigation action arising out of the collapse of the venture studio and the resulting loss of more than $60m invested in the affiliated finds and more that $150m invested by venture capital funds in the portfolio companies.

Practice head(s):

Jason de Bretteville; Kathleen Marcus; Marc Schneider

Testimonials

‘Many firms that I have dealt with give great attention to the case, but do not look at the client and company as a whole. The lawyers and staff at Stradling go the extra mile to make sure the case is addressed but more importantly, that the solutions and resolutions fit the company.’

‘The talent surpasses the talent and skills of almost any other lawyer I have worked with.’

Key clients

Frost Management

Sunworks

Gil Champion (POW! Entertainment)

Harbor Diversified

Work highlights

  • Represented Sunworks (NAS: SUNW) and its board of directors in multi-forum litigation involving eight separate lawsuits in six jurisdictions, arising out of Sunworks’ announcement of a merger with The Peck Company.
  • Represented the CMO of a logistics company utilizing the blockchain and offering tokens.
  • Representing the Frost Management Company in a 2019 SEC litigation action arising out of the collapse of this venture studio and the resulting loss of more than $60 million invested in the affiliated finds and more that $150 million invested by venture capital funds in the portfolio companies.

Vedder Price

The Chicago office of Vedder Price is particularly strong in SEC and DOJ investigations and enforcement actions, offering ‘outstanding securities litigators with vast experience‘. The group frequently defends publicly traded companies, officers and directors, board committees and auditors in federal and state court securities actions. Among its clients are commercial banks, investment banks, broker-dealers, investment advisers, mutual funds, private equity funds, hedge funds and real estate investment trusts. Thomas Cimino, who successfully represented a former director of accounting for publicly traded Roadrunner Transportation Systems, Inc. following a two-and-a-half week trial, and Randall M. Lending are the lead partners. Regulatory enforcement specialist Junaid A. Zubairi is ‘a very practical and effective advocate‘.

Practice head(s):

Thomas Cimino; Randall M. Lending

Other key lawyers:

Junaid A. Zubairi

Testimonials

‘Outstanding securities litigators with vast experience in Chicago cases and beyond.’

‘Junaid Zubairi is my main contact. I’ve known him for years. Very practical and effective advocate for his clients and works effectively with other counsel. I have referred him to important clients and he has consistently performed extremely well.’

‘Unique understanding of the investment advisory space to assist in resolving issues experienced by advisors; practice group collaborates with others within the firm to provide a comprehensive approach to issues.’

‘Very knowledgeable in the advisory space.’

‘Vedder Price has the staff to dig thru millions of documents in order to find and build a defense that a jury will believe in. The trail experience and competanvy is second to none.’

‘The team has deep knowledge in both DOJ and SEC issues. Partners were employed by both of these agencies in the past giving them insight into their practices and tactics. The lawyers at Vedder Price are always honest and straightforward related to issues and expectations.’

Key clients

Illinois Metropolitan Investment Fund (IMET)

Independent Directors of Great-West Funds

Roadrunner Transportation Systems, Inc

Power Solutions International, Inc.

Tyler Sadek

Arjuna Ariathurai

Palmer Square Capital Management, LLC

Lawrence C. Blaney

Zachary Horwitz and 1inMM Capital, LLC

Work highlights

  • Representing IMET in connection with a $175 million+ fraud, including asset recovery and defending against claims made by participants in IMET who invested in the defrauded fund.
  • Represented a former director of accounting for a publicly traded logistics company who had been charged with securities fraud in obtaining a complete defense verdict following a two-and-a-half week criminal jury trial.
  • Advised a publicly traded engine and power solutions supplier in a joint SEC and DOJ investigation stemming from a restatement of financial statements.